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                    [Title] => HK firm gains control of Acesite Phils Hotel Corp.
                    [Summary] => The Hong Kong-listed leisure firm Sino-i.com has gained majority control of the locally-listed hotel operator Acesite Philippines Hotel Corp., owner of the Holiday Inn Manila Pavilion along UN Avenue in Ermita, Manila.


Acesite executive vice president Francis Lam told the Philippine Stock Exchange that the deal was completed last Jan. 30, wherein Sino-i.com purchased 100 percent of the issued capital of South Port Development Ltd. for HK$190 million (about P1.5 billion).


                    [DatePublished] => 2003-02-05 00:00:00
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FRANCIS LAM

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                    [Title] => HK firm gains control of Acesite Phils Hotel Corp.
                    [Summary] => The Hong Kong-listed leisure firm Sino-i.com has gained majority control of the locally-listed hotel operator Acesite Philippines Hotel Corp., owner of the Holiday Inn Manila Pavilion along UN Avenue in Ermita, Manila.


Acesite executive vice president Francis Lam told the Philippine Stock Exchange that the deal was completed last Jan. 30, wherein Sino-i.com purchased 100 percent of the issued capital of South Port Development Ltd. for HK$190 million (about P1.5 billion).


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abtest

HK firm gains control of Acesite Phils Hotel Corp.

February 5, 2003 - 12:00am

The Hong Kong-listed leisure firm Sino-i.com has gained majority control of the locally-listed hotel operator Acesite Philippines Hotel Corp., owner of the Holiday Inn Manila Pavilion along UN Avenue in Ermita, Manila. Acesite...

Business