(Reuters) - HONG KONG, July 4 - Shangri-La Asia Ltd. ,
the hotel arm of Malaysia's Kuok Group, plans to raise at least
HK$5.17 billion via a rights issue to pay back
debt and fund expansion plans in China's booming hotel arena.
The move by the hotel chain -- named after the mythical
utopia made famous by British author James Hilton -- comes as
deal action in major hotel chains heats up.
Read more at Reuters.com Mergers News
the hotel arm of Malaysia's Kuok Group, plans to raise at least
HK$5.17 billion via a rights issue to pay back
debt and fund expansion plans in China's booming hotel arena.
The move by the hotel chain -- named after the mythical
utopia made famous by British author James Hilton -- comes as
deal action in major hotel chains heats up.
Read more at Reuters.com Mergers News
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