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SHANGRI-LA ASIA LIMITED

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Delayed Hong Kong Stock Exchange  -  04:08:49 2023-03-22 am EDT
7.030 HKD   -3.03%
02/03Shangri-la Asia Units Enter into $6 Million Loan Agreement
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2022Shangri-la Asia Unit Renews Hotel Management Contract for Shanghai Hotel
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2022Shangri-La Unit Renews Tenancy at Hong Kong Office
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Shangri-La Asia : Shangri-La Announces Sustainable Seafood Policy And Discontinuing Use Of All Shark Fin Products in 72 hotels and resorts

01/17/2012 | 05:01am EDT

Shangri-La Announces Sustainable Seafood Policy And Discontinuing Use Of All Shark Fin Products in 72 hotels and resorts

Shangri-La Hotels and Resorts today announced its 'Sustainable Seafood Policy' including the commitment to cease serving shark fin in all of its operated restaurants as well as accepting new orders for shark fin products in banqueting with immediate effect. Future banquet bookings made prior to this date will be honoured as per the signed contractual agreement. At the same time, Shangri-La announced that it will phase out Bluefin tuna and Chilean sea bass in all its operated restaurants within the year. In December 2010 the company initiated the process with the removal of shark fin products from its restaurant menus. The new policy is a continuation of Shangri-La's journey towards environmental support.

The company launched its first CSR initiatives in 2005 which were streamlined and formalised in 2009 in the three main areas of Sustainability, Embrace and Sanctuary towards a strategic commitment to Corporate Social Responsibility.

'Sanctuary, Shangri-La's Care for Nature' project was introduced specifically to ensure consistency in biodiversity, conservation and habitat protection across all resorts. Projects include the development of marine sanctuaries to ensure reef protection and stability of the underwater and marine life.  Two years later, in May 2011, the company published its first Sustainability Report outlining the company's progress in the areas of environment, health and safety, employees, supply chain and stakeholder relations.

Shangri-La's ethos and core values show a commitment to the environment that the company does business in. As part of the CSR efforts, Shangri-La has been working on a number of projects related to sustainability for several years. The sustainable seafood campaign has been on the forefront as the initiative will deliver immediate results.

Shangri-La will continue to review and refine its overall programmes including environmental and sustainability issues.

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Ce noodl a été diffusé par Shangri-La Asia Ltd. et initialement mise en ligne sur le site http://www.shangri-la.com. La version originale est disponible ici.

Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-17 09:49:44 AM et restera accessible depuis ce lien permanent.

Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité.


ę Publicnow 2012
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Financials (USD)
Sales 2022 1 547 M - -
Net income 2022 -163 M - -
Net Debt 2022 5 415 M - -
P/E ratio 2022 -19,8x
Yield 2022 -
Capitalization 3 303 M 3 303 M -
EV / Sales 2022 5,64x
EV / Sales 2023 4,02x
Nbr of Employees 22 800
Free-Float 32,4%
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Number of Analysts 5
Last Close Price 0,92 $
Average target price 1,06 $
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Managers and Directors
Chee Wui Chua Group Chief Financial Officer & Executive Director
Hui Kwong Kuok Chairman
Kwok Fung Lam Chief Technology Officer
Kwok-Cheung Li Independent Non-Executive Director
Chee Keong Yap Independent Non-Executive Director
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