Shangri-La Asia Ltd. said its subsidiaries Shangri-La International Hotel Management Pte Ltd and Shangri-La International Hotel Management Ltd. entered into new hotel services agreements on 26 February 2026 with Shang Global City Properties, Inc. to continue providing hotel management and proprietary technology services for Shangri-La The Fort, Manila from 1 March 2026. The company disclosed expected maximum annual aggregate fees capped at US$12.0 million for 2026, US$12.6 million for 2027 and US$13.5 million for 2028, and classified the arrangements as a continuing connected transaction under Hong Kong listing rules.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shangri-La Asia Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260226-12030903), on February 26, 2026, and is solely responsible for the information contained therein.