NOD TO HOTEL STAKE SALE
MBK Plc’s board of directors has approved a plan by its subsidiary, MBK Hotel and Resort Co Ltd which is owned 99.99 per cent by MBK Plc, to sell a 29.86 per cent holding worth Bt1.14 billion in Royal Orchid Hotel (Thailand) Plc, the company’s chief executive officer Suvait Theeravachirakul said yesterday.
“This is apart to increase our cash flow for business expansion in long term,” he said.
