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Banyan Tree Holdings Ltd (BANY.SI)

BANY.SI on Stock Exchange of Singapore

22 May 2017
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$-0.01 (-1.87%)
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Latest Key Developments (Source: Significant Developments)

Banyan Tree Holdings enters into two binding term sheets
Wednesday, 7 Dec 2016 05:43pm EST 

Banyan Tree Holdings Limited : Banyan Tree Holdings Limited (Entry Into Term Sheets With Accor S.A.) .Has entered into two binding term sheets with Accor S.A. and together with BTH.  Full Article

Banyan Tree Holdings Ltd - Banyan Tree to cut staff- Straits Times - Reuters
Friday, 19 Feb 2016 08:55am EST 

Banyan Tree Holdings Ltd:Banyan Tree Hotels and Resorts will slash 12 per cent of its 1,400- plus workforce over the next few months as part of a restructuring ahead of a "relatively prolonged" global downturn - Straits Times.Three of the hotel management company's top executives - Mr David Spooner, vice-president of sales and marketing; Mr Andrew Langston, vice-president of operations, Asia Pacific; and Mr Abid Butt, chief executive - have resigned as a result of the restructuring."The restructuring is not just a pure cost-cutting exercise. It is a periodic restructuring to become more lean, more efficient. The cost savings are expected to run into the millions," Banyan Tree Holdings executive chairman Ho Kwon Ping told The Straits Times yesterday.Of the estimated 168 positions to be terminated, about 20 are in the Singapore office, with the rest in Bangkok, Phuket and Shanghai.  Full Article

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