MUI group to sell UK hotel for RM36.22mil

KUALA LUMPUR: Malayan United Industries Bhd (MUI) has inked a deal to sell a 4.2-acre freehold land together with a hotel in Britain for £6.5mil cash (RM36.22mil) to Westbourne Leisure Ltd. In a filing with Bursa Malaysia, the group said its wholly-owned subsidiary The Regency Hotel Hospitality Ltd had entered into an agreement with Westbourne on Dec…

MUI to sell 111-room UK hotel for RM36m

KUALA LUMPUR (Dec 31): Malayan United Industries Bhd (MUI) has said its British unit is disposing of a land together with a 111-room hotel in Shirley, West Midlands for £6.5 million (RM36.22 million). The Regency Hotel Hospitality Ltd, a wholly-owned indirect subsidiary, is selling the property to Westbourne Leisure Ltd, MUI said in a bourse…