MUI to sell London hotel


MUI, which has been helmed by Andrew Khoo (pic), the son of Tan Sri Khoo Kay Peng since December last year, said the appointment of Rothschild was to assist CHL in exploring strategic options, as well as

PETALING JAYA: In line with its strategy to rationalise the business under its new leadership, Malayan United Industries Bhd (MUI) is looking to sell the Corus Hotel Hyde Park in London, United Kingdom.

The group announced yesterday that its indirect unit, Corus Hotels Limited (CHL) had appointed international investment bank N.M. Rothschild & Sons Ltd (Rothschild), as its financial adviser on the sale.

Save 30% and win Bosch appliances! More Info

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
MUI , Andrew Khoo , sell , London , hotel , Rothchild , adviser ,

Next In Business News

US meat exports at risk as China lets registrations lapse
FBM KLCI paces higher as region gets lift from China's prospects
Lower plant utilisation weighs on PetChem's prospects
Hospitals, insurers unlikely to be impacted by higher GP fees
HHRG shareholder calls for removal of entire board
Foreign funds dump RM1.34bil in Bursa Malaysia equities
Ringgit opens higher as US govt shutdown averted
Bursa Malaysia follows through on recovery
Trading ideas: KJTS, TT Vision, MAG, Topmix, Catcha, FSBM, HHRG, Pertama, Compugates
Potential US gold monetisation boost

Others Also Read