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Banyan Tree Holdings ( (SG:B58) ) has provided an update.
Banyan Tree Holdings Limited announced that its subsidiary, Laguna Banyan Tree Limited, has acquired significant shares in Tropical Resorts Limited and Donvale Limited. This acquisition increases Banyan Tree’s indirect stake in Tropical Resorts Limited to 65.064%, making it an indirect subsidiary, and strengthens its market position in the luxury resort sector.
More about Banyan Tree Holdings
Banyan Tree Holdings Limited is a Singapore-based company operating in the hospitality industry. The company, along with its subsidiaries, focuses on the development and management of premium resorts, hotels, and spas, primarily targeting the luxury market segment.
Average Trading Volume: 384
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $233.5M
For an in-depth examination of B58 stock, go to TipRanks’ Stock Analysis page.