MGM China (HKEX: 02282) has announced the signing of a share purchase agreement to acquire the entire issued share capital of MGM Hospitality Asia Pacific Limited for a consideration of US$20 million.

The agreement, executed on June 30, 2026, is between the company as the buyer and the seller, MGM Hospitality International Holdings, Ltd.

The acquisition is viewed by the company as a strategic opportunity to consolidate and strengthen its position within the hotel management and cultural tourism sectors across Greater China.

Upon completion of the transaction, the company will gain strategic and operational control over the target group through management rights, enabling it to align the business with the group's long-term development strategy.

The target company was established in 2006 and is currently wholly-owned by the seller. The target group conducts its hotel business through MGM Hospitality.

After approximately 19 years of development, MGM Hospitality has become an independent operating hotel platform for MGM-branded projects in mainland China.

Operating under a capital-light hotel management model, the target group has established a solid market position, managing 8 operational hotels, a pipeline of over 12 active projects, and access to more than 1.5 million members of the "MGM Rewards" loyalty program.

The group will continue to build upon the nearly two decades of operational history, brand platform, and relationship network developed by MGM Hospitality.