Shangri-La Asia Extends Kerry Hotel Pudong Management Deal to 2029

Shangri-La Asia ( (HK:0069) ) has issued an update.

Shangri-La Asia has renewed its hotel services agreements for Kerry Hotel Pudong, Shanghai, extending the term by a further three years to 5 January 2029 while keeping all existing terms and conditions unchanged. Under these renewed arrangements, group subsidiaries SLIM-HK and SLIM-PRC will continue to provide hotel management, training and proprietary technology services to the hotel owned by KHPU, which is an associate of a substantial shareholder and therefore a connected person under Hong Kong listing rules. As the annual fee caps under the renewed agreements exceed 0.1% but remain below 5% of the applicable percentage ratios, the transaction is classified as a continuing connected transaction requiring public announcement and ongoing reporting but not independent shareholders’ approval, ensuring continued fee income from this flagship Shanghai asset and maintaining compliance with regulatory disclosure obligations.

The most recent analyst rating on (HK:0069) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on Shangri-La Asia stock, see the HK:0069 Stock Forecast page.

More about Shangri-La Asia

Shangri-La Asia Limited is a Hong Kong-listed hospitality group that owns, manages and operates luxury hotels and resorts, primarily under the Shangri-La and Kerry brands, with a focus on key markets in Mainland China and across Asia. Through various subsidiaries, the group provides hotel management, training and related technical services to properties owned both within the group and by connected parties, supporting its regional scale and brand positioning in the upscale accommodation segment.

Average Trading Volume: 686,730

Technical Sentiment Signal: Hold

Current Market Cap: HK$17.54B

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