Shares of Mandarin Oriental International surged more than 20 per cent on Friday after the company announced it has received proposals from potential purchasers to acquire its iconic Excelsior Hotel in Causeway Bay.
“These will form the basis for further consideration of the company’s strategic options. A further announcement will be made as required. No assumption should be made at this time regarding whether the property will or will not be sold,” according to the statement…
Source : South China Morning Post
Read more…Mandarin Oriental shares surge 21pc as it receives potential buyers for Excelsior Hotel
