英文

[ET Net News Agency, 29 January 2014] The Hongkong and Shanghai Hotels (00045) said it entered into a definitive shareholders' agreement with Yoma Strategic Investments Ltd.自存倉 (Yoma), First Myanmar Investment Co., Ltd. (FMI) and others in relation to the re-development of the former headquarters of the Burma Railway Company into "The PeninsulaYangon".HK&S Hotels will become the 70% majority owner in Peninsula Yangon Holdings Pte. Limited(JV), and Yoma and FMI will hold 24% and 6% of the equity interests in the JV. HK&S Hotels' overall in迷你倉新蒲崗estment is about US$90 million (equivalent to HK$702 million). On completion of the proposed project, The Peninsula Yangon will be operated and managed by wholly-owned subsidiaries of HK&S Hotels.Yoma is the wholly-owned subsidiary of Yoma Strategic Holdings, a Singapore-listed company. YSH is the holding company of a conglomerate group with interests in real estate,agriculture and automotive dealership primarily in Myanmar. It has also recently announcedits intention to enter into the luxury travel and tourism business in Myanmar. (HL)迷你倉出租