Jump to content

Thai Parent of NH Hotels Offers to Purchase Shares


Recommended Posts

f1fc4f2f599bac9f37fa33973284f3ee_small.jpg

 

BANGKOK (NNT) - Spanish stock market regulator CNMV has suspended the trading of shares in NH Hotel Group SA pending information from the company, just as its Thailand-based parent company offered to buy NH stocks in the market.

 

According to Reuters, the regulator said the suspension was a "precautionary measure" taken "while relevant information on the aforementioned entity is disseminated".

 

Minor International, based in Bangkok, which already owns a 94% stake in NH, said in a separate statement issued after the CNMV’s announcement that it would buy outstanding shares on the Madrid stock exchange for a 30-day period at a price no higher than 4.50 euros per share.

 

Earlier on Monday (8 May), NH published its first-quarter results but did not mention Minor’s offer. The group’s net recurring loss halved to 40 million euros from a year ago as it expected demand to remain strong in coming months.

 

Full Story: https://thainews.prd.go.th/en/news/detail/TCATG230510143623382

 

nnt.jpg
-- © Copyright NNT 2023-05-10
 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

The most versatile and flexible rental investment and holiday home solution in Thailand - click for more information.

Link to comment
Share on other sites


Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.








×
×
  • Create New...
""