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MGM China raises $1.5bn in share flotation

27 May 2011

HONG KONG -- MGM China inspired investors to part with $1.5bn during its recent share offering, the BBC reported.

The flotation saw the co-owner Ms Pansy Ho sell 21 percent of her 50 percent share in the company, the report explained.

MGM will own 51 percent of stock after this floatation, the BBC noted.

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