New Mauritius Hotels Limited cautionary announcement

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New Mauritius Hotels Limited cautionary announcement
	New Mauritius Hotels Limited cautionary announcement
Category: Africa Indian Ocean - Mauritius - Industry economy - Group or hotel buyout This is a press release selected by our editorial committee and published online for free on 2010-10-29 New Mauritius Hotels Ltd (‘NMH’) has, pursuant to the notice published by the receiver and manager of White Sand Tours Ltd (In Receivership) and White Sand Group Ltd (In Receivership), been the successful bidder for the acquisition of : (i) Trademark - White Sand Tours & WST logo, and (ii) Destination Management Business The transaction has been concluded for the sum of thirty million Rupees (Rs30m) and NMH is proceeding with the said acquisition as it considers same to be in line with its commercial strategy to create synergies and create value for its shareholders. Shareholders and investors shall be kept informed of further developments and are advised to exercise caution in dealing with the shares of NMH. The above transaction is not a notifiable transaction under chapter 13 of the Listing Rules. By order of the Board Per Francis MoNToccHIo Company Secretary 28 october 2010