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Dusit Thani PCL announces termination of joint venture agreement

Wednesday, 13 Aug 2014 08:03am EDT 

Dusit Thani PCL:Reported resolution on approval of establishment of joint venture company in Singapore (Dusit Thani Laguna Singapore Pte. Ltd.) which the company invested (with Laguna Hotel Holdings Pte. Ltd.) at 25.01 pct of the total investment fund of S$115.2 million.Consequently, the joint venture agreement was signed on July 10, 2013.Says on Aug. 13 it reconsidered the joint venture in Singapore and resolved to terminate the said joint venture agreement.Shares shall be transferred to Laguna Hotel Holdings Pte. Ltd. 

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