Keong Hong Holdings

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http://infopub.sgx.com/FileOpen/Keong%20...eID=344395

KEONG HONG’S JOINT VENTURE COMPANY APPOINTS ACCOR TO MANAGE ITS FIRST TWO HOTELS IN THE MALDIVES

Singapore, 16 April 2015 – Pristine Islands Investment Pte. Ltd. (“Pristine” or the “JVC”), a joint venture company set up by Keong Hong Construction Pte Ltd (“KHC”), a wholly-owned subsidiary of Keong Hong Holdings Limited (强枫控股有限公司) (“Keong Hong” or the “Company”) and its joint venture partners, Sansui Holding Pte. Ltd. (“Sansui”), BRC Asia Limited (“BRC”), L3 Development Pte. Ltd. (“L3”) and Hotels & Resort Construction Pvt. Ltd. (“HRC”), today announces the appointment of Accor, to manage its first two hotel properties in the Maldives. Accor, the world’s leading hotel operator and market leader in Europe and Asia Pacific, will provide the full spectrum of hotel management services, including consultancy on the design and construction of the two new-build hotels.

Keong Hong’s Chief Executive Officer and Executive Chairman, Mr Ronald Leo (梁 平), who is also the JVC Chief Executive Officer, said, “The upscale Pullman Maldives Maamutaa Resort and mid-scale Mercure Maldives Kooddoo Resort will be our first two hotel developments in the Maldives and we are pleased to partner with Accor, which has a large brand portfolio catering to different market segments and a strong brand presence in Europe and Asia Pacific. We believe that this partnership, with our collective experience, will create a new and very exciting holiday destination in the Maldives.”

(Not vested)