SUBSCRIBERS
Banyan Tree, Vanke JV acquires hotel assets of Banyan Tree China Hospitality Fund
Published Tue, Apr 3, 2018 · 09:50 PM
Singapore
A JOINT venture between Banyan Tree Holdings and Chinese real estate developer Vanke has acquired all the hotel assets of the Banyan Tree China Hospitality Fund, the luxury resort developer said late Monday.
The 1.35 billion yuan (S$282.2 million) deal comes as part of plans between Banyan Tree and Vanke to form a strategic partnership in China.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Wall Street Journal moves Asia headquarters from Hong Kong to Singapore
Macquarie sees biggest profit dip in 15 years on commodities downturn
HSBC appoints ex-Citi banker as new Singapore head of global banking
H2G Green chief to stand trial on Aug 5 amid MOM probe
Dasin Retail Trust’s trustee-manager chairman, directors deny allegations of misconduct
Microsoft adds security chiefs to product groups in wake of hacking woes