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Mandarin Oriental International Ltd (MOIL.SI)

MOIL.SI on Stock Exchange of Singapore

2 Dec 2016
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$-0.01 (-0.77%)
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Latest Key Developments (Source: Significant Developments)

Mandarin Oriental International Ltd to acquire Boston Hotel
Wednesday, 6 Jan 2016 02:00am EST 

Mandarin Oriental International Ltd:Says that it is to acquire the freehold interest in the property that houses Mandarin Oriental, Boston together with its hotel business (the 'Hotel') for $140 million.Says Mandarin Oriental has managed the 148-room Hotel, which is situated on Boylston Street in Boston, under a management contract since its opening in 2008.  Full Article

Mandarin Oriental International Ltd announces interim dividend
Thursday, 30 Jul 2015 05:09am EDT 

Mandarin Oriental International Ltd:Says the interim dividend of US¢2.00 per share will be payable on Oct. 14 to shareholders on the register of members at the close of business on Aug. 21.  Full Article

Mandarin Oriental joint venture to acquire Hotel Ritz, Madrid
Thursday, 21 May 2015 07:26pm EDT 

Mandarin Oriental International Ltd:Announces that it is to acquire the Hotel Ritz, Madrid for 130 million pounds ($148 million) in a joint venture with The Olayan Group, a Saudi Arabian multinational group.Mandarin Oriental and Olayan will each hold a 50 pct interest in the joint venture, which is purchasing all of the shares in the owning company, Hotel Ritz Madrid, S.A., from its existing shareholders, Belmond Spanish Holdings S.L.U. and Landis Inversiones, S.L.  Full Article

Mandarin Oriental International Ltd announces 1 for 4 rights issue to raise $316 mln
Thursday, 5 Mar 2015 04:20am EST 

Mandarin Oriental International Ltd:Says 1 for 4 fully underwritten rights issue of up to 250,930,919 new ordinary shares will raise gross proceeds of $316 mln.Says issue price of $1.26 per new ordinary share represents a discount of 28.4 pct to closing price on March 4, and 24.1 pct discount to the theoretical ex-rights price.Proceeds of rights issue will enable Mandarin Oriental to retire debt and reduce gearing towards the levels that prevailed before the acquisition of the freehold of the Paris hotel.This will also provide group with capacity to finance the 85 mln Pounds renovation of Mandarin Oriental Hyde Park, London, due to start in 2016, and leave it well placed to make further investments.Jardine Strategic Holdings Limited, which has irrevocably undertaken to take up its entitlement under the rights issue, is also fully underwriting the balance of the rights issue.  Full Article

Mandarin Oriental International Ltd recommends final dividend
Thursday, 5 Mar 2015 04:16am EST 

Mandarin Oriental International Ltd:Recommends final dividend of US ¢5.00 per share.Payable on May 13 to shareholders on register of members at close of business on March 20.Ex-dividend on and March 18 and March 19.  Full Article

BRIEF-Mandarin Oriental issues outlook update

* "group expects challenging trading conditions to continue for remainder of year" Source text for Eikon: Further company coverage: