March 30, 2017 7:02 PM ET

Hotels, Restaurants and Leisure

Company Overview of Shangri-La Asia Limited

Company Overview

Shangri-La Asia Limited, an investment holding company, owns and operates hotels and associated properties worldwide. It operates through four segments: Hotel Ownership, Hotel Management Services, Property Rentals, and Property Sales. The company also provides hotel management, marketing, consultancy, reservation, and related services; and owns and leases office and commercial properties, and serviced apartments/residences. In addition, it is involved in real estate development and operation activities; the ownership and operation of golf clubs; and property investment and office management, as well as wines trading activities. The company operates hotels under the Shangri-La, Hotel Jen, Tra...

Kerry Centre

28th Floor

683 King’s Road

Quarry Bay,  

Hong Kong

Founded in 1971

Phone:

852 2525 9146

Fax:

852 2523 8842

Key Executives for Shangri-La Asia Limited

Executive Director
Age: 64
Total Annual Compensation: $1.5M
Executive Director
Age: 72
Total Annual Compensation: $1.3M
Compensation as of Fiscal Year 2015.

Shangri-La Asia Limited Key Developments

Shangri-La Asia Limited Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2016

Shangri-La Asia Limited announced audited consolidated earnings results for the year ended December 31, 2016. For the period, the company’s sales was USD 2,055,423,000 as compared to USD 2,122,624,000 for the same period last year. Operating loss was USD 13,413,000 as compared to operating profit USD 153,326,000 for the same period last year. Profit before income tax was USD 149,561,000 as compared to USD 272,333,000 for the same period last year. Profit attributable to equity holders was USD 106,054,000 as compared to USD 140,131,000 for the same period last year. Basic and diluted earnings per share was 2.97 US cents as compared to 3.93 US cents for the same period last year.

Kuok Khoon Chen to Retire as Non-Executive Director of Shangri-La Asia Limited

The board of directors of Shangri-La Asia Limited announced that Mr. KUOK Khoon Chen (a Non-executive Director), who is due to retire by rotation at the forthcoming annual general meeting of the company in accordance with its bye-laws, has informed the Board that he will not offer himself for re-election and accordingly, will retire as Director at the close of the company's annual general meeting which is scheduled to be held on or around 2 June 2017.

Shangri-La Asia Limited Recommends Final Dividend for 2016, Payable on 16 June 2017

Shangri-La Asia Limited Board has recommended a final dividend of 8 Hong Kong cents per share for 2016 (2015: 5 Hong Kong cents per share) payable to the Company's shareholders whose names appear on the registers of members of the Company on 7 June 2017. With the interim dividend of 5 Hong Kong cents per share (2015: 5 Hong Kong cents per share) paid in October 2016, the total dividend for 2016 is 13 Hong Kong cents per share (2015: 10 Hong Kong cents per share). Subject to shareholders' approval of the payment of the final dividend at the forthcoming annual general meeting of the Company, the proposed final dividend is expected to be paid on 16 June 2017. To qualify for the proposed final dividend, all share transfers accompanied by the relevant share certificates must be lodged for registration with the Company's branch share registrar in Hong Kong, Tricor Abacus Limited of Level 22, Hopewell Centre, 183 Queen's Road East, Hong Kong, no later than 4:30 pm on 7 June 2017.

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Recent Private Companies Transactions

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