Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
THE HONGKONG AND SHANGHAI HOTELS, LIMITED
(Incorporated in Hong Kong with limited liability)
(Stock Code: 00045)
Proposed Hotel Development in Yangon, MyanmarThis announcement is made pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and Part XIVA of the Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong).
Reference is made to the announcements made by The Hongkong and Shanghai Hotels, Limited (the "Company") on 28 January 2014, 31 March 2015, 31 December 2015, 30 June
2016, 30 December 2016 and 13 January 2017 in respect of the Proposed Hotel Development (the "Announcements").
Unless otherwise defined, all terms used herein shall be as defined in the Announcements.
The Board of Directors of the Company is pleased to announce that with the issuance of the investment permit for the Proposed Hotel Development from the Myanmar Investment Commission, all conditions precedent under the Shareholders' Agreement have been satisfied. The Proposed Hotel Development has become unconditional and the former headquarters of Myanmar Railway Company will be redeveloped into a Peninsula hotel.
By order of the Board Christobelle Liao Company Secretary
Hong Kong, 16 February 2017
Non-Executive Chairman The Hon. Sir Michael Kadoorie | |
Non-Executive Deputy Chairman | Non-Executive Directors |
Andrew Clifford Winawer Brandler | Ronald James McAulay |
William Elkin Mocatta | |
Executive Directors Managing Director and Chief Executive Officer Clement King Man Kwok Chief Operating Officer Peter Camille Borer | John Andrew Harry Leigh |
Nicholas Timothy James Colfer | |
Independent Non-Executive Directors | |
Dr the Hon. Sir David Kwok Po Li | |
Patrick Blackwell Paul | |
Pierre Roger Boppe | |
Dr William Kwok Lun Fung | |
Chief Financial Officer Matthew James Lawson | Dr Rosanna Yick Ming Wong |
Dr Kim Lesley Winser |
As at the date of this announcement, the Board of Directors of the Company comprises the following Directors:
The Hongkong and Shanghai Hotels Ltd. published this content on 16 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 February 2017 10:39:11 UTC.
Original documenthttp://www.hshgroup.com/-/media/Files/HSH/Investors/Corporate-Announcements/2017/20170216_Yangon_Project_EN.ashx
Public permalinkhttp://www.publicnow.com/view/18A15BCDD5F7BD1369043ED3A6A1675793A50241