Algirdas city hotels

SINGAPORE: City Developments Ltd's (CDL) gains rose the most in more than three years on Monday (Jun 10) as investors reacted to the announcement that it had made a fresh bid for Britain's Millennium & Copthorne (M&C) Hotels . Shares of the real estate firm jumped 5.9 per cent - its largest single daily increase since Dec 16, 2015 - to close at S$8.97. This is its highest close since Mar 26 this year. CDL, which owns about 65.2 per cent of M&C, said on Friday it will buy the rest of M&C that it does not own, in a deal valuing the London-listed company at £2.23 billion (S$3.9 billion). The deal comes a year after the minority shareholders of M&C blocked a takeover bid by CDL on the grounds that it did not reflect the value of the company’s property portfolio. CDL has now received irrevocable undertakings to accept the offer from key minority shareholders, who own about 43.6 per cent of the M&C shares not already held by CDL, the Singaporean company … [Read more...] about CDL gains most in more than 3 years after fresh bid for Millennium & Copthorne Hotels

SINGAPORE: Singapore-listed real estate firm City Developments Ltd (CDL) announced on Friday (Jun 7) another attempt to buy Millennium & Copthorne (M&C) Hotels in a deal that values the London-listed company at £2.23 billion (S$3.9 billion). The offer represents a premium of about 37 per cent to M&C's closing price of 500 pence on Thursday. Currently, CDL owns approximately 65.2 per cent of M&C. This offer is final and will not be increased. Shares of M&C surged 35 per cent to 680 pence after the announcement, topping gainers on the FTSE midcap index . M&C shareholders will be entitled to receive 685 pence for each share. This represents an increase of 65 pence from the previously recommended final cash offer of 620 pence per M&C share (which included a special dividend of 20 pence per share) made to M&C shareholders on Dec 21, 2017. READ: CDL offers to buy remaining Millennium & Copthorne stake CDL in 2017 offered to take M&C … [Read more...] about CDL launches another attempt to buy Millennium & Copthorne Hotels

* Indian government ministers and officials were following Prime Minister Narendra Modi's lead by opting for an Indian-made vaccine instead of the AstraZeneca one. * Thailand may celebrate its traditional new year Songkran as usual around mid-April, Culture Minister Itthiphol Khunpluem said Wednesday. * China's annual coal output will stand at no higher than 4.1 billion tonnes by the end of the 14th Five-Year Plan period (2021-2025), after it climbed 1.4 percent year on year to 3.9 billion tonnes in 2020, said a report issued by the China National Coal Association on Wednesday. * President Joe Biden said on Tuesday the United States would have enough COVID-19 vaccine for every American adult by the end of May. * The European Union aims to increase the region's COVID-19 vaccine production capacity to 2-3 billion doses per year by the end of 2021, Industry Commissioner Thierry Breton was quoted as saying. * German Chancellor Angela Merkel was expected on Wednesday to agree a … [Read more...] about World News in Brief: March 3

Emeralda Resort Ninh Binh is an amazing destination for sightseeing during the ripe rice season at Tam Coc At an advantageous location near Hanoi, just a 90-minute drive from Hanoi, Emeralda Resort Ninh Binh lies on the edge of Van Long Nature Reserve – a tranquil reserve of Ninh Binh province's characteristic reedy wetland. Emeralda Ninh Binh Resort & Spa With rich traditional Vietnamese architectural elements and furnishings wedded to cutting-edge enhancements and guest comforts, Emeralda Ninh Binh Resort incorporates the environmental commitment to go with its surroundings. This April, Emeralda Ninh Binh Resort & Spa offers the best deals for visitors starting from VND1.225 million ($55) per guest (inclusive of VAT and service charge), including three complimentary meals for one and complimentary in-room tea, coffee, and bottle of water. The offer applies for a Superior room that can accommodate two guests per room and is available until May 31, … [Read more...] about Emeralda Resort Ninh Binh and Ana Villas Dalat promotions for April

Thanks to National Day falling on a Friday and Hari Raya Haji on a Sunday (with the following Monday a public holiday), Singaporeans will enjoy a four-day long weekend this year. This is a prime opportunity to round up your nearest and dearest for a staycation – at where else but parade-adjacent hotels, where you’ll enjoy front-row seats to the extravaganza that is the National Day Parade (NDP 2019), which takes place at the Padang this year. Nearby, you can witness traditional Hari Raya Haji, or Eid al-Adha, festivities. In mosques like Masjid Sultan in Kampong Glam and Masjid Al-Burhani on Hill Street, you will observe Muslims spending the weekend in prayer and reflection. The faithful will also be sacrificing livestock to commemorate the obedience of Prophet Ibrahim, who was willing to sacrifice his only son to god. These 10 hotels in and around Bugis and Raffles City make great bases for exploration, or a weekend of pure exuberance, indulgence and relaxation if … [Read more...] about Don’t skip town this National Day long weekend, enjoy a staycation instead