Snow Lake Capital Sends Letter to MGM Resorts’ Board of Directors
Snow Lake Capital Limited, a leading Asian alternative investment management firm with over US$3 billion in assets under management, today sent a letter to the MGM Resorts International (NYSE: MGM) ("MGM" or the "Company") Board of Directors urging them to sell 20% of their MGM China Holdings Limited (HKEX: 2282 HK) ("MGM China") business to a Chinese company as a strategic investor.
- 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
HONG KONG - Snow Lake Capital Limited, a leading Asian alternative investment management firm with over US$3 billion in assets under management, today sent a letter to the MGM Resorts International (NYSE: MGM) ("MGM" or the "Company") Board of Directors urging them to sell 20% of their MGM China Holdings Limited (HKEX: 2282 HK) ("MGM China") business to a Chinese company as a strategic investor.
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.