Mandarin Oriental receives bids for Excelsior hotel in HK
Singapore
MANDARIN Oriental International Limited said it has received proposals from potential buyers to acquire The Excelsior hotel in Hong Kong.
"These will form the basis for further consideration of the company's strategic options," it said in a filing on Friday, without offering more details.
Shares of Mandarin Oriental surged 20.8 per cent on Friday to close at US$2.56, after 6.17 million shares were traded, probably on speculation that a deal on the hotel might go throu…
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