SHK Subsidiary Invests in Major Hotel Partnership

Sun Hung Kai & Co. Limited (HK:0086) has released an update.

Sun Hung Kai & Co. Limited’s (SHK) subsidiary has agreed to invest approximately EUR 54.2 million into a partnership with Colony Investment, targeting one of Europe’s largest hotel owners, boasting over 700 hotels. This transaction is significant enough to require disclosure under Hong Kong’s Listing Rules, although it does not necessitate shareholder approval. The deal aims to acquire preferred equity shares in a vast hotel network spanning more than 20 countries and 100,000 rooms.

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