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| Name | Symbol | Market | Type |
|---|---|---|---|
| Jardine Matheson Holdings Ltd (PK) | USOTC:JMHLY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.06 | -0.16% | 36.52 | 36.27 | 36.79 | 36.80 | 36.27 | 36.50 | 20,032 | 21:00:47 |
From Sep 2019 to Sep 2024
By Gaurav Raghuvanshi
SINGAPORE--Mandarin Oriental International Ltd. (M04.SG) Thursday said the hotels operator planned to raise about US$316 million in a one-for-four rights issue of its shares.
Mandarin Oriental would sell up to 251 million new shares at US$1.26 apiece, a discount of 28.4% to its closing price on March 4, the company said in a statement to Singapore Exchange, where it is listed.
The company said it would use the proceeds to retire debt and to renovate a hotel property in London.
Mandarin Oriental said that Jardine Strategic Holdings Ltd. (J37.SG) has undertaken to subscribe to its portion of the rights issue and also buy any shares other stakeholders decline to take.
Write to Gaurav Raghuvanshi at gaurav.raghuvanshi@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Jardine Matheson (PK) Chart |
1 Month Jardine Matheson (PK) Chart |
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