MGM China’s Chairperson Pansy Ho has quelled rumors that she is planning to sell her stake in the company, after a recent share movement disclosed by media.

Pansy Ho is aiming to add floors to MGM’s Cotai property, in a bid to capture more MICE activity.

China Southern Airlines, Asia’s largest carrier by passenger traffic, has announced that its Board meeting deliberated on the nomination of Pansy Ho as an independent non-executive director candidate for the air carrier headquartered in Guangzhou. 

MGM China has re-elected Chairperson Pansy Ho and Co-Chairperson William Honbuckle to its Board of Directors, both in the role of Executive Director, while announcing a change of non-executive directors.

MGM China’s Co-Chairperson Pansy Ho believes that Macau’s non-gaming future will succeed despite the competition from the other five concessionaires but notes that manpower is still an issue.

Co-Chairperson and Managing Director Pansy Ho named 15 percent shareholder and Managing Director of the subsidiary which holds its Macau gaming license, MGM China Holdings, and MGM Grand Paradise disclosed to the HKSE.

MGM China co-chairperson and Shun Tak executive chairwoman Pansy Ho has been appointed as the vice-chairman of Hong Kong-based Phoenix Media Investment Ltd. 

Speculation has emerged that Pansy Ho’s selldown of her shares in MGM is a preparatory move for her to take control of the family business, SJM Holdings.

MGM China Co-chair Pansy Ho has sold more of her shares in parent company MGM Resorts, this time offloading about $56.7 million. The move has reduced her position from 1.66 percent to 1.36 percent.

Pansy Ho, co-chair and executive director of MGM China, has sold one million shares, or more than 10 percent, of her stock in MGM Resorts International.