SUBSCRIBERS
Hotel Shilla JV picked as preferred bidder for Macau duty free shops
Published Mon, Aug 18, 2014 · 10:00 PM
[SEOUL] A joint venture that includes South Korea's Hotel Shilla Co Ltd was picked as the preferred bidder to operate a portion of the duty free stores at Macau International Airport.
The move helped push up the company's shares to a record high.
Hotel Shilla, Samsung Group's hospitality and duty free unit, and its cross-town rival, Lotte Duty Free, have been hunting for overseas expansion opportunities to replicate their succes…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Ford profit beats on commercial sales; EVs still dragging
GM CEO Barra compensation fell 4% in 2023 to US$27.8 million
Boeing reports first revenue drop in 7 quarters as deliveries decline
Volkswagen to keep China market share stable as price war rages
COE quota for May-July up 2.7%; passenger car categories rise despite less cut-and-fill
Tesla profits tumble but shares rise on new vehicle plan