MelcoLot Limited (HKG:8198) says that it has entered into negotiations with a number of parties in relation to its ongoing group reorganization which include: very substantial disposals and repurchases of certain convertible bonds it issued (each of the repurchases may constitute a share repurchase under the Hong Kong Code on Share Repurchases), special deals, open offer, whitewash waiver and proposed increase in authorized share capital.

However, the relevant parties were unable to reach an agreement on the terms of such proposed transactions and have mutually agreed to terminate the negotiations.

Trading in the shares of the company will resume this morning.