Brief: Hongkong And Shanghai Hotels Announces Restructuring Of JV Arrangements In Thailand
28/08/2020 07:17
Aug 28 (Reuters) - Hongkong and Shanghai Hotels Ltd
0045.HK :
* RESTRUCTURING OF JOINT VENTURE ARRANGEMENTS IN THAILAND
* UNIT ENTERED HEADS OF TERMS WITH PHATARAPRASIT
SHAREHOLDERS, TO
CONFIRM AGREEMENT TO RESTRUCTURE SHAREHOLDING IN HSH-SCH
* UPON SIGNING DEFINITIVE AND LEGALLY BINDING AGREEMENTS JV
RELATIONSHIP BETWEEN PARTIES IN HSH-SCH WILL CEASE
* UPON COMPLETION, CO WILL, VIA UNITS, ACQUIRE PHATARAPRASIT
SHAREHOLDERS' 50% ECONOMIC INTEREST IN PENINSULA BANGKOK
* DEAL IN CONSIDERATION FOR 50% STAKE IN THAI COUNTRY CLUB
AND TCC
LAND PARCELS AND CONSIDERATION OF US$70 MILLION
Source text for Eikon: ID:nHKS3PVrp2
Further company coverage: 0045.HK
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Hongkong and Shanghai Hotels
See all newsHongkong and Shanghai Hotels posts H1 profit on growth in Greater China, US
Corrected: BRIEF-Hongkong and Shanghai Hotels Posts Half-Year Net Income Attributable Of HK$23 Million
Brief: Hongkong And Shanghai Hotels Says Christobelle Yi Ching Liao, Others, To Step Down As Executive Directors
Brief: Hongkong And Shanghai Hotels Posts FY Net Income Attributable HKD 320 Million
Brief: Hongkong And Shanghai Hotels Logs FY Loss Attributable HK$943 Mln