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News Release


Memorandum of Understanding Entered with Las Vegas-Based Eighth Wonder



The Board of Directors of Banyan Tree Holdings Limited wishes to announce that its wholly-owned subsidiary, Banyan Tree Hotels & Resorts Pte. Ltd. has entered into a Memorandum of Understanding with Eighth Wonder Asia, LLC ("Eighth Wonder") to provide certain technical, pre-opening and management services for a proposed Banyan Tree Resort and various Spas in the Sentosa Integrated Resort Project should Eighth Wonder win the bid.


Attached is a copy of a press release made by Eighth Wonder and Banyan Tree Holdings Limited.


By Order of the Board



  • Jane Teah
  • Company Secretary
  • 16 October 2006


  • DBS Bank Ltd and UBS AG, acting through its business group, UBS Investment Bank, were the joint global co-ordinators and bookrunners of the initial public offering of the shares in Banyan Tree Holdings Limited.



    Attachments


  • SGX.pdf (Size: 578,200 bytes)

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