Hotels, Motels & Cruise Lines
April 26 (Reuters) - Wyndham Worldwide Corp
April 24 (Reuters) - Magnificent Hotel Investments Ltd <0201.HK>::Boards consider it is in best interests of companies not to proceed with acquisition.Boards of cos consider that termination of agreement will not have any material impact on business or financial position of co.Asset purchase agreement was terminated and deposits paid to vendors under asset purchase agreement will be refunded in full to purchaser.
GEM Services Inc <6525.TW>:Says it will dissolve its subsidiary GEM Technologies Hong Kong Limited.
Orascom Development Holding AG
Shun Ho Property Investments Ltd <0219.HK> : Purchaser and vendor entered into sale and purchase agreement . Deal for consideration HK$1 billion . Kingslee S.A. as vendor and Houston Venture Limited as purchaser .Deal pursuant to which vendor has conditionally agreed to sell, sale shares, representing entire issued share capital of target co.
Millennium & Copthorne Hotels Plc
ZH International Holdings <0185.HK> : Ashr, an indirect 99.82%-owned subsidiary of company, and CBC Oxford Mckinney entered into Oxford Mckinney acquisition agreement . CBC Oxford Mckinney to sell, and Ashr to acquire, Oxford Grand Mckinney for an aggregate consideration of US$17.1 million .Oxford Derby has agreed to sell, and Ashr has agreed to acquire, Glen Carr House for a consideration of US$10.5 million.
Unimat Retirement Community Co Ltd <9707.T> : Says co plans to transfer pay senior-care home and home-visit nursing business to its Shiga-based wholly owned unit on April 1 .Says Resorttrust Inc <4681.T> plans to buy entire 20 shares(100 percent stake) in the co's Shiga-based wholly owned unit from co, on April 1.
MBK Co Ltd <159910.KQ> : Says it will divest Cheonan factory into a new wholly owned subsidiary named CMDL Co.,Ltd, to establish responsibility management system . Says the new subsidiary is engaged in OLED used organic material OEM manufacturing business .Expected divestiture date is March 2.