Hotels / Motels / Cruise Lines
Intercontinental Hotels Group PLC Creates India Focused Command To Tap Growth Opportunities-Business Standard
Business Standard reported that Intercontinental Hotels Group PLC's structural changes in its Indian operation by putting it under a new country-specific command to be based at Gurgaon to focus on the growth opportunities here. Earlier, the Indian operation was reporting to IHG's wider regional office based in Dubai. As a part of the overall country strategy, IHG's Indian operations will now report to its Vice President Operations South West Asia Douglas Martell, who will be based in Gurgaon.
Inversiones Nacionales de Turismo SA Intursa announced on June 1, 2013 the completion of the merger process agreed by the shareholders of the companies: Inmuebles Limatambo SA, Compania Urbana Montevideo SA, Urbanizacion Santa Marina SA, Inversiones Naranjal SA and Alghieri Inmobiliaria SAC, all belonging to the Economic Group of Inversiones Nacionales de Turismo SA Intursa. As a result of the merger, Compania Urbana Montevideo SA, Urbanizacion Santa Marina SA, Inversiones Naranjal SA and Alghieri Inmobiliaria SAC were absorbed by Inmuebles Limatambo SA.
Country Heights Holdings Berhad announced that further to the announcement dated October 30, 2012, the Company announced that its subsidiary, Kristal Peramah (M) Sdn Bhd (KPSB), which was placed under Members' Voluntary Winding-Up on October 30, 2012 had held its Final Meeting on April 09, 2013 to conclude the Members' Voluntary Winding-Up of KPSB. The Return by Liquidator Relating to Final Meeting was lodged on April 09, 2013 with the Companies Commission of Malaysia and Official Receiver, and on the expiration of 3 months after the said lodgement date, KPSB will be fully dissolved.
Sterling Holiday Resorts India Ltd Announces Scheme Of Amalgamation Of Manchanda Resorts Private Limited With Sterling Holiday Resorts (India) Limited
Sterling Holiday Resorts India Ltd announced that the Resolution pertaining to Scheme of Amalgamation of Manchanda Resorts Private Limited with Sterling Holiday Resorts (India) Limited has been approved by the Shareholders of the Company at the Court convened Meeting held on April 02, 2013.
GuocoLand (Malaysia) Berhad announced that with reference to the earlier announcement, in connection with the member’s voluntary liquidation of Orifour Sdn Bhd (Orifour) and Orifive Sdn Bhd (Orifive), both wholly owned subsidiaries of Hong Leong Real Estate Holdings Sdn Bhd which in turn are wholly owned subsidiaries of GLM, GLM writes to inform that the Liquidators of Orifour and Orifive had convened respective Final Meetings to conclude the member’s voluntary liquidation of Orifour and Orifive. Returns by Liquidator Relating To Final Meeting were lodged on March 27, 2013 with the Companies Commission of Malaysia and the Official Receiver, and on the expiration of three months after the said lodgement date, Orifour and Orifive will be dissolved.
Far East Orchard Ltd announced that the following dormant whollyowned subsidiaries of the Company have been placed under member’s voluntary liquidation: Jadevine Limited (Jadevine); OPH Westcove Pte Ltd (OPHW); and Westview Properties Pte Ltd (“Westview”). Mr Choong Chow Siong of c/o 10 Anson Road #12-15 Singapore 079903, has been appointed as the liquidator of Jadevine, OPHW and Westview. The voluntary liquidation of Jadevine, OPHW and Westview is not expected to have any material impact on the earnings per share and net tangible assets of the Company for the financial year ending December 31, 2013.
Country Heights Holdings Berhad announced that its subsidiary, Steady Prospect Sdn Bhd (SPSB), which was placed under Members' Voluntary Winding-Up on September 28, 2012 had held its Final Meeting on February 4, 2013 to conclude the Members' Voluntary Winding-Up of SPSB. The Return by Liquidator Relating to Final Meeting was lodged on February 4, 2013 with the Companies Commission of Malaysia and Official Receiver, and on the expiration of three months after the said lodgement date, SPSB will be fully dissolved.
Hurtigruten ASA announced that it reorganizing and streamlining its corporate and Sales Nordic operations. Annual savings of over NOK 60 million is expected, with full effect from 2014. Several changes in the overall structure and working methods will take place: general staff reductions within administrative functions; centralizing activities to a new corporate center in Tromso and phasing out of the current operations in Narvik, transfer of duties and personnel to the corporate center; organization designed to give much more focus to the Company's commercial operation increased focus and commitment to hotel and restaurant operations by competence development and improved service, establishment of a dedicated manning company for crew. Proposed change of the Company's head office address is submitted for decision by the Annual General Meeting on April 17, 2013. Hurtigruten's new organization is planned for implementation on March 31, 2013, and results in a general downsizing of between 25% and 30%. The Company will ensure continuity with respect to safe operations and emergency preparedness, and business-critical functions when implementing the new structure. The Company will continue the efficiency efforts initiated outside the Nordic countries, including the Svalbard operations. Hurtigruten is also in the process of selling non-strategic assets. Financial effects of these processes will come in addition.