| Government investment arm Khazanah Nasional Bhd’s bid for luxury hotel chain Aman Resorts seems to have been topped by Chinese conglomerate HNA Group, according to analysts and bankers in India. The Chinese group, which ran the Hainan Provincial Airlines in the 1990s, may have made an outright offer to the tune of RM20 billion for the resorts.
When Khazanah reportedly bid for the resort chain in June 2010, the offer was said to be between US$300 million (RM942.9 million) and US$350 million for only "a controlling stake"...............................................Full Article: Source
|