Shangri-La Asia Limited engages in the ownership and operation of hotels and associated properties. The company also provides hotel management and related services. It has primary operations in Hong Kong, Mainland China, The Philippines, Singapore, Thailand, and Malaysia. The company, as of December 31, 2008, had equity interests in 45 operating hotels comprising 23,309 available guest rooms. The company has 16 management agreements in respect of operating hotels owned by third parties, and has agreements on hand for development of 14 new hotels. The development projects are located in Doha (Qatar), Toronto, Las Vegas, Miami, Kuwait, Seychelles, Bangalore, Mumbai, Macau and Abu Dhabi. The company’s management division, SLIM International Limited and its subsidiaries (SLIM), manages 43 hotels in which the company has equity interests. In addition, SLIM also had hotel management agreements in respect of 15 operating hotels (5,477 available rooms) owned by third parties as of December 31, 2008. Segments The company is organized on a worldwide basis into three main business segments: Hotel operation: Hotel operation segment includes the ownership and operation of hotel business. Hotel management: This segment engages in the provision of hotel management and related services Property rentals: Property rentals segment engages in the ownership and leasing of office, commercial and serviced apartments. Significant Events The company, in May 2008, acquired an additional 23% shareholding interest, together with proportionate shareholder’s loan, in Shangri-La Hotels (Shenzhen) Limited (Shangri-La Shenzhen), an indirect 57% owned subsidiary, from a shareholder of this indirect owned subsidiary. Shangri-La Shenzhen is the registered owner of 90% interest in a joint venture company established in the PRC which owns and operates the Shangri-La Hotel, Shenzhen. Following completion of the acquisition, the company owns a 72% effective interest in the Shangri-La Hotel, Shenzhen.
shangri-la asia ltd spon adr
(SHALY:OTC Markets Group Inc - Current Information)
683 King’s Road
Phone: 852 2525 9146
Fax: 852 2523 8842www.shangri-la.com
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