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News Release


Acquisition Of New Subsidiary



The Board of Directors of Banyan Tree Holdings Limited wishes to announce that its wholly-owned subsidiary, Banyan Tree Indochina Management (Singapore) Pte. Ltd., has through its wholly-owned subsidiary, Banyan Tree Indochina (GP) Company Limited, acquired 100% beneficial interest in LVCL (Thailand) Co., Ltd. ("LVCL") for a total cash contribution of Thai Baht 25,000 (approximately SGD 1,072).


LVCL, which is incorporated in Thailand, has an authorized and paid up capital of Thai Baht 100,000 (approximately SGD 4,290) and Thai Baht 25,000 (approximately SGD 1,072) respectively. The principal activity of LVCL is to provide project development services.



  • Jane Teah
  • Company Secretary
  • 3 March 2009