Banyan Tree recently clinched two noteworthy strategic partnership with AccorHotels and Vanke on 8 Dec 2016 and 23 Jan 2017 respectively. Since 23 Jan 2017, Banyan has largely traded between $0.465 – 0.530. It closed at $0.510 on 17 Apr 2017.
If a company can catch the eyes of China’s largest property player Vanke and Europe’s largest hotel group / the world’s fifth largest hotel group AccorHotels, there must be some merit to it. I have managed to fix an exclusive 1-1 meeting with Mr Eddy See, Group MD and Mr Clement Ong, Head of Strategic Planning & Investment (“Management”) to understand more about their company and prospects.
Let’s take a closer look at Banyan Tree’s recent developments.
Strategic partnership with Vanke
Based on 23 Jan 2017 press release (click HERE), Banyan Tree and Vanke have agreed to create Banyan Tree China (BTC), a new …