Hotels / Motels / Cruise Lines
Accor SA:Says it will reorganize its activities around two core businesses.Says it will implement a new organization built by geography.Says brands will be grouped by segment.Says it will have a new Executive Committee with 10 members, including the 5 regional Heads of operations.Says first business division will be HotelServices, a fee-oriented hotel operator and brand franchisor.Says HotelServices will operate nearly 3,600 hotels and 460,000 rooms worldwide under 14 brands worldwide.Says second business division will be HotelInvest, a hotel owner and investor.Says HotelInvest will comprise the Owned & Leased and shared service activities.Says HotelInvest will start with a portfolio of c.1,400 hotels of which nearly 300 are in full ownership.
Panoramic Universal Ltd announced that the Board of Directors at its meeting held on November 08, 2013 has approved the proposal for winding up of Starting Right Investments Two Two Five (Proprietary) Ltd., a Wholly Owned Subsidiary of the Company in Namibia due to non-promising Business Prospects.
Mulpha International Bhd announced that Asian Fame Development Limited, a subsidiary of the Company, had on June 3, 2013 applied to the Companies Registry of Hong Kong for deregistration pursuant to Section 291AA of the Companies Ordinance of Hong Kong. The Companies Registry of Hong Kong had replied via its letter dated November 1, 2013, which was received today, enclosing a notice informing that AFDL had been deregistered and dissolved on November 1, 2013. AFDL was an investment holding company incorporated in Hong Kong on February 9, 1988. The authorised and paid-up share capital of AFDL are HKD10,000,000 respectively.