{"id":124263,"date":"2022-01-17T14:40:13","date_gmt":"2022-01-17T07:40:13","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-tycoon-kadoorie-to-boost-stake-in-peninsula-hotel-operator-for-us337-million-triggering-a-record-stock-rally\/"},"modified":"2022-01-17T15:04:06","modified_gmt":"2022-01-17T08:04:06","slug":"hong-kong-tycoon-kadoorie-to-boost-stake-in-peninsula-hotel-operator-for-us337-million-triggering-a-record-stock-rally","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-tycoon-kadoorie-to-boost-stake-in-peninsula-hotel-operator-for-us337-million-triggering-a-record-stock-rally\/","title":{"rendered":"Hong Kong tycoon Kadoorie to boost stake in Peninsula hotel operator for US$337 million, triggering a record stock rally"},"content":{"rendered":"


\nBillionaire Michael Kadoorie is paying almost double the market price to boost his family\u2019s stake in the Hong Kong and Shanghai Hotels that owns the Peninsula hotel in the city. The stock surged by the most in more than two decades.The family has agreed to buy 205.3 million shares from asset management group Seekers Capital Partners and other undisclosed sellers for HK$2.63 billion (US$337.5 million) or HK$12.80 per share, according to an exchange filing on Monday. The purchase will raise the\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong tycoon Kadoorie to boost stake in Peninsula hotel operator for US7 million, triggering a record stock rally<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Billionaire Michael Kadoorie is paying almost double the market price to boost his family\u2019s stake...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-124263","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-wkf","jetpack-related-posts":[{"id":73644,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wanda-tycoon-wang-takes-control-of-hong-kong-listed-hotels-unit-for-us469-million\/","url_meta":{"origin":124263,"position":0},"title":"Wanda tycoon Wang takes control of Hong Kong-listed hotels unit for US$469 million","date":"December 4, 2017","format":false,"excerpt":"\r Chinese tycoon Wang Jianlin is buying a controlling 65 per cent stake in Hong Kong-listed company Wanda Hotel Development for HK$3.67 billion (US$469 million), at HK$1.20 per share, the latest step in the ongoing reorganisation of his Dalian Wanda Group. According to a regulatory filing on Monday, Wanda Investment\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172322,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/peninsula-group-to-renovate-hong-kong-flagship-tokyo-hotel-in-us268m-project\/","url_meta":{"origin":124263,"position":1},"title":"Peninsula group to renovate Hong Kong flagship, Tokyo hotel in US$268m project","date":"August 5, 2026","format":false,"excerpt":"\r The owner of Hong Kong\u2019s iconic Peninsula hotel plans to invest HK$2.1 billion (US$268 million) to renovate its flagship hotel in the city and its Tokyo property, betting on the long-term strength of the luxury travel market despite geopolitical uncertainty and volatile consumer demand. Hongkong and Shanghai Hotels (HSH),\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118821,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jardines-property-in-hong-kongs-shek-o-tycoon-village-gets-the-redevelopment-nod-that-may-turn-it-into-a-hk918-million-mansion\/","url_meta":{"origin":124263,"position":2},"title":"Jardine\u2019s property in Hong Kong\u2019s Shek O \u2018Tycoon Village\u2019 gets the redevelopment nod that may turn it into a HK$918 million mansion","date":"October 6, 2020","format":false,"excerpt":"\r The plans are being drawn for another US$100 million mansion in Hong Kong, as the ultra rich in one of the world\u2019s most expensive residential property markets managed to thrive amid the city\u2019s worst recession in decades.Descendants of the Keswick family, taipans of Hong Kong during the British colonial\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64395,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wanda-hotel-first-half-loss-widens-to-hk300-million\/","url_meta":{"origin":124263,"position":3},"title":"Wanda Hotel first-half loss widens to HK$$300 million","date":"August 23, 2017","format":false,"excerpt":"\r Losses at Wanda Hotel Development, the overseas platform of Chinese tycoon Wang Jianlin\u2019s Dalian Wanda Group, widened to HK$300 million (US$38.3 million) in the first half of 2017, no thanks to a substantial loss from the disposal of a Madrid development project. The first-half loss was also eight times\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":58088,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/iphones-biggest-screen-maker-seeks-to-raise-hk10-billion-in-hong-kong-ipo\/","url_meta":{"origin":124263,"position":4},"title":"iPhone\u2019s biggest screen maker seeks to raise HK$10 billion in Hong Kong IPO","date":"June 16, 2017","format":false,"excerpt":"\r Every swipe on a smartphone brings a smile to Yeung Kin-Man\u2019s face. The founder of Biel Crystal Manufactory Ltd. is the world\u2019s largest producer of cover glass, used in two of every three of Apple\u2019s iPhones sold in the world. Yeung plans to sell Biel\u2019s shares on the Hong\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118421,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-shop-king-tang-shing-bor-reaches-settlement-on-unpaid-rent-of-us1-5-million-for-hotel-property\/","url_meta":{"origin":124263,"position":5},"title":"Hong Kong \u2018shop king\u2019 Tang Shing-bor reaches settlement on unpaid rent of US$1.5 million for hotel property","date":"September 1, 2020","format":false,"excerpt":"\r Billionaire Tang Shing-bor, Hong Kong\u2019s \u201cshop king\u201d, has swiftly settled a court case brought against him over unpaid rent of nearly HK$12 million (US$1.5 million) for a hotel property in Tsim Sha Tsui.The settlement comes amid market speculation that the tycoon is under financial stress after the Tang family\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/124263"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=124263"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/124263\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=124263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=124263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=124263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}