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Banyan Tree Holdings Ltd (BANY.SI)

BANY.SI on Stock Exchange of Singapore

20 Oct 2016
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Latest Key Developments (Source: Significant Developments)

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

Banyan Tree Holdings Ltd proposes payment of dividend
Tuesday, 24 Feb 2015 06:31am EST 

Banyan Tree Holdings Ltd:Proposes dividend payment to shareholders in amount of Baht 0.125 per share for 166,682,701 shares.Payable on May 26.Record date as on May 11.  Full Article

Banyan Tree Holdings Ltd announces incorporation of wholly-owned subsidiary in Indonesia
Wednesday, 4 Feb 2015 05:36am EST 

Banyan Tree Holdings Ltd:Announces incorporation of PT Leisure Development Bintan as part of its ongoing business development.Principal activity of the new company is property development.PTL is 99 pct and 1 pct held by BTH’s wholly‐owned subsidiaries, Banyan Tree Corporate Pte. Ltd. and Banyan Tree Services Pte. Ltd. respectively.  Full Article