Snow Lake Capital Sends Letter to MGM Resorts’ Board of Directors
- Urges Board to Sell 20% of MGM China to a Chinese Company as a Strategic Investor
- Believes Transaction Will Create Significant Shareholder Value for MGM Resorts International
Snow Lake beneficially owns 7.5% of the outstanding shares.
Snow Lake's letter to the MGM Board of Directors can be found below and linked here: https://www.snowlakecap.com/Letters.
About Snow Lake Capital
Snow Lake Capital (HK) Limited is a leading Asian alternative investment management firm with over US$3 billion in assets under management. The firm was founded in 2009 and has offices in Hong Kong and Beijing. With a firmwide headcount of more than 50 professionals, Snow Lake manages capital mainly for global institutional clients including university endowments, foundations, family offices, sovereign wealth funds and pensions.