Type public Industry Property Revenue HKD 1,141m (2005) Founded 1989 Net income 528 million HKD | Traded as SEHK: 0078 Products Hotels, Real estate Headquarters Hong Kong Number of employees 1,650 Parent organization Paliburg Holdings | |
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Key people Lo Yuk Sui, Chairman & Managing Director Stock price 0078 (HKG) HK$ 4.28 +0.03 (+0.71%)24 Mar, 4:00 PM GMT+8 - Disclaimer Subsidiaries Gaud Limited, RH International Finance Limited | ||
Regal hotels international
Regal Hotels International (RHI) is one of the largest hotel groups in Hong Kong. Regal Hotels International Holdings Limited is a company incorporated in Bermuda and listed on the Hong Kong Stock Exchange. The company is controlled by its chairman and managing director, Mr Lo Yuk Sui, who speaks for 52.84% of the issued share capital as at 31 December 2005.
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Regal hotels international by asiatravel com
REIT
In October, 2006, the company announced plans to sell and separately list its hotel properties in a Real Estate Investment Trust. However, as the Sunlight REIT spun off by Henderson Land Development fell by 6.5% on its market debut on 21 December, Regal chose to delay its offer.
On 13 March 2007, Regal announced its public offer for sale of up to 50 percent in Regal Hotels Real Estate Investment Trust, to be co-sponsored by Deutsche Bank, Goldman Sachs and Merrill Lynch, and raised HKD2.3 billion.