Banyan Tree Holdings Ltd (BANY.SI) Key Developments | Reuters.com
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Banyan Tree Holdings Ltd (BANY.SI)

BANY.SI on Stock Exchange of Singapore

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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

Banyan Tree Holdings Ltd incorporates new wholly-owned subsidiary
Friday, 26 Sep 2014 10:07am EDT 

Banyan Tree Holdings Ltd:Incorporates the following company as part of its ongoing business development.Name of subsidiary is Banyan Tree Management (S) Pte. Ltd. (BTM).Says principal activity is hotel management.BTM is 100 pct held by BTH’s wholly-owned subsidiary, Banyan Tree Services Pte. Ltd.  Full Article

Banyan Tree Holdings Ltd does not declare dividend for current financial period June 30
Wednesday, 13 Aug 2014 10:31am EDT 

Banyan Tree Holdings Ltd:Says no dividend has been declared in respect of the current financial period June 30.  Full Article

Banyan Tree Holdings Ltd incorporates new wholly-owned subsidiary
Friday, 1 Aug 2014 10:44am EDT 

Banyan Tree Holdings Ltd:Incorporates indirect wholly-owned subsidiary in People’s Republic of China (Incorporation) as part of ongoing business development.Name of Subsidiary is Chengdu Laguna Property Service Co., Ltd. (CLPS).Principal Activity is property management.CLPS is wholly-owned by BTH's indirect subsidiary, Banyan Tree Hotels Management (Beijing) Co., Ltd.  Full Article

Banyan Tree Holdings Ltd incorporates new wholly-owned subsidiary
Friday, 25 Jul 2014 10:32am EDT 

Banyan Tree Holdings Ltd:Incorporates indirect wholly-owned subsidiary in People’s Republic of China as part of ongoing business development.Name of Subsidiary is Chengdu Banyan Tree No. 3 Property Co., Ltd (CBT No. 3).Principal Activity is Commercial Property Development.CBT No. 3 is wholly-owned by BTH's indirect subsidiary, Sanctuary Chengdu Development Company No. 3 (S) Pte. Ltd.  Full Article