Brief: Hongkong And Shanghai Hotels says unit enters agreements to restructure lease arrangements
17/12/2015 09:32
Dec 17 (Reuters) - Hongkong and Shanghai Hotels Ltd 0045.HK : * PTL and MEC entered into certain agreements to restructure the lease arrangements * Lease arrangements with respect to the building and the land. * PTL shall purchase the building from mec for a total consideration of JPY10.3 billion * Says PTL shall lease the land from mec for a fixed term of 70 years. * Says consideration will be satisfied by internal resources of hsh * Source text for Eikon ID:nHKS9zQlv6 * ((For more news, please click here 0045.HK )) ((Bengaluru Newsroom; +91 80 6749 1130))
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