NOD TO HOTEL STAKE SALE

Corporate July 04, 2018 01:00

By The Nation

MBK Plc’s board of directors has approved a plan by its subsidiary, MBK Hotel and Resort Co Ltd which is owned 99.99 per cent by MBK Plc, to sell a 29.86 per cent holding worth Bt1.14 billion in Royal Orchid Hotel (Thailand) Plc, the company’s chief executive officer Suvait Theeravachirakul said yesterday.



    “This is apart to increase our cash flow for business expansion in long term,” he said.

 

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