Mandarin Oriental International Ltd MO-Review of Long-term Strategic Options for EXHK (8838Q)
15 September 2017 - 7:11PM
UK Regulatory
TIDMMDO TIDMJAR TIDMJDS
RNS Number : 8838Q
Mandarin Oriental International Ltd
15 September 2017
To: Business Editor For immediate release
MANDARIN ORIENTAL - REVIEW OF LONG-TERM STRATEGIC OPTIONS FOR
THE EXCELSIOR, HONG KONG
15th September 2017 - Mandarin Oriental International Limited
(the 'Company') announced on 5th June 2017 that it was undertaking
a review of its long-term strategic options with regard to The
Excelsior, Hong Kong. As part of that review the Company had
decided to test market interest in the possible sale of the
property.
The Company today announced that it has received proposals from
potential purchasers to acquire the property. These will form the
basis for further consideration of the Company's strategic
options.
A further announcement will be made as required. No assumption
should be made at this time regarding whether the property will or
will not be sold.
Mandarin Oriental currently operates 30 hotels and eight
residences in 20 countries and territories. The Group's hotels are
all five star luxury properties, with the exception of The
Excelsior, Hong Kong which is a leading four star hotel. It also
has a strong pipeline of hotels and residences under development.
Mandarin Oriental International Limited is incorporated in Bermuda
and has a standard listing on the London Stock Exchange, with
secondary listings in Bermuda and Singapore. It is a member of the
Jardine Matheson Group.
- end -
For further information, please contact:
Brunswick Group Limited
Joanna Donne (852) 9221 3930
Karin Wong (852) 9755 6265
Tom Burns (44) 20 7396 5308
This and other Group announcements can be accessed through the
internet at 'www.mandarinoriental.com'.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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