mandarin oriental

Mandarin Oriental to delist from SGX on Jan 20 following privatisation

The company was valued at around US$4.2 billion at the time of the offer

Mandarin Oriental has received the proceeds from the sale of the top 13 floors of the property, its rooftop signage and 50 parking spaces. The buyers are Alibaba Group and Ant Group.

Mandarin Oriental to distribute One Causeway Bay sale proceeds in special dividend on Jan 22

The dividend, at US$0.60 a share, will be paid to shareholders on the registers of members at the close of business on Jan 9

Completion of the acquisition remains subject to the satisfaction of remaining conditions, including the completion of the One Causeway Bay sale.

Jardine Matheson’s bid to privatise Mandarin Oriental gets shareholders’ nod

The required majority are in favour of the scheme of arrangement at US$3.35 a share

Major groups may have good reasons to privatise listed hotel-owning entities.
THE LEVEL GROUND

Owning luxury hotels is tough but can be richly rewarding for patient capital

Jardine Matheson and Frasers Property could gain from hotel ownership over the long term

Hotel group Mandarin Oriental is in the middle of a buyout by Jardine Matheson.

Mandarin Oriental posts ‘stable’ underlying net profit for Q3

The group’s RevPAR is up in all regions except South-east Asia

The privatisation of Mandarin Oriental is in line with its capital allocation framework, says Jardine Matheson.

Alibaba, Ant buying top half of Mandarin Oriental Causeway Bay tower for US$925 million

Jardine Matheson moves to delist Mandarin Oriental for US$3.35 a share, including a US$0.60 special dividend from HK property sale

The acquisition bid to privatise Mandarin Oriental will see its delisting, if successful, from Singapore Exchange.
HOCK LOCK SIEW

Mandarin Oriental acquisition bid shows it’s better to invest in Jardine Matheson

Analysts say proposed buyout undervalues Mandarin Oriental International significantly

Mandarin Oriental’s shares hit US$3.28 in the first two minutes of trading on Tuesday.
HOT STOCK

Mandarin Oriental shares surge 36.3% on privatisation offer, Jardine Matheson up 7.8%

This comes after the investment company announced its move to take the hotel chain private

Since the first quarter of 2024, One Raffles Quay has undergone an S$17 million asset enhancement initiative.

Hongkong Land leans on ‘hotelification’ to boost Singapore office portfolio performance

Hongkong Land seeks to provide a hotel-like experience for workers and visitors in its buildings in Marina Bay