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Stocks to watch: Jardine Matheson, Singapore Myanmar Investco, Perennial Real Estate
JARDINE Matheson Group: Mandarin Oriental International, a member of Jardine Matheson Group, said on Monday it wants to "test market interest in the possible sale" of The Excelsior in Hong Kong.
It said the intent follows a review of the hotel chain's long-term strategic options regarding the Hong Kong hotel - its only property not branded as Mandarin Oriental.
Singapore Myanmar Investco: The mainboard-listed company has said it has completed the debt conversion of its shareholders' loans.
It said an aggregate amount of 11.89 million debt conversion shares was allotted and issued to Ho Kwok Wai and Mark Francis Bedingham, in accordance with the terms of the debt conversion deeds.
Perennial Real Estate Holdings: The group's joint venture company Perennial TCM Management has set up Ming Yi Guan in partnership with Beijing Hospital of Traditional Chinese Medicine (TCM) at the House of Tan Yeok Nee in Orchard Road.
This is its first healthcare business in Singapore. Ming Yi Guan will be Beijing Hospital of TCM's first treatment facility outside China, and in South-east Asia.