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Mandarin Oriental International ( (GB:MDOB) ) just unveiled an update.
Mandarin Oriental International Limited has agreed to a cash acquisition proposal by Jardine Matheson Holdings Limited, where Jardine’s subsidiary will acquire the remaining shares of Mandarin Oriental it does not already own. Additionally, Mandarin Oriental has entered into a significant real estate transaction with Alibaba Group and Ant Group, selling the top thirteen floors of One Causeway Bay in Hong Kong for $925 million, which will also fund a special dividend for shareholders.
More about Mandarin Oriental International
Mandarin Oriental International Limited is a luxury hotel investment and management group known for its high-end hotels and resorts. The company operates in the hospitality industry, focusing on providing premium services and experiences to its clientele across various global locations.
For detailed information about MDOB stock, go to TipRanks’ Stock Analysis page.