JV/AcquisitionAcquisition

Oriental Hotels Ltd is injecting USD 1.764 million (approx. 15.66 Cr) into its wholly-owned subsidiary, OHL International (HK) Limited.

Oriental Hotels Limited logo
Oriental Hotels LimitedORIENTHOT · Filed with the exchange

The funds will specifically be channeled to St.

James Court Hotels Ltd for debt repayment.

This strategic capital infusion aims to bolster the financial strength and reduce leverage for a key hospitality asset.

This internal move ensures continued financial stability and growth prospects within Oriental Hotels' existing portfolio, maintaining its 100% ownership in the subsidiary.

Read the original filing(PDF)

No comments yet. Be the first.

More from Oriental Hotels Limited

All announcements