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    45   HK0045000319

THE HONGKONG AND SHANGHAI HOTELS, LIMITED

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HK & Shanghai Hotels : Bans the Consumption of Shark Fin in HSH Group Operations

11/20/2011 | 09:15pm EDT

THE HONGKONG AND SHANGHAI HOTELS, LIMITED

21 NOVEMBER, 2011

THE HONGKONG AND SHANGHAI HOTELS, LIMITED

BANS THE CONSUMPTION OF SHARK FIN IN ITS GROUP OPERATIONS

(Hong Kong, 21 November 2011) In recognition of the threat facing the global shark population and in line with the Company's sustainability vision, The Hongkong and Shanghai Hotels, Limited (HSH), parent company of The Peninsula Hotels, Repulse Bay Complex and Peak Complex, today announced that it will stop serving shark fin at all its group operations, effective 1 January 2012. However, the Company will honour banquet bookings involving shark fin soup made prior to 21 November 2011, but taking place after 1 January 2012.

Mr. Clement K.M. Kwok, Chief Executive Officer of HSH, said: "By removing shark fin from our menus, we hope that our decision can contribute to preserving the marine ecosystem for the world's future generations. As Asia's oldest hotel company, we also hope that our decision will inspire other hospitality companies to do the same and that our industry will

play a role in helping to preserve the bio-diversity of our oceans."

* * * * * * * * * * * * * * * * * * About The Hongkong and Shanghai Hotels, Limited (HSH)

Incorporated in 1866 and listed on The Stock Exchange of Hong Kong (00045), HSH is the holding company of a Group which is engaged in the ownership, development and management of prestigious hotel, commercial and residential properties in key locations in Asia, the United States and Europe, as well as the provision of transport, club management and other services. The hotel portfolio of the Group comprises The Peninsula Hotels in Hong Kong, Shanghai, Beijing, New York, Chicago, Beverly Hills, Tokyo, Bangkok, Manila and Paris (opening in 2013). The property portfolio of the Group includes The Repulse Bay Complex, The Peak Tower and The Peak Tramways, St. John's Building, The Landmark in Ho Chi Minh City, Vietnam and the Thai Country Club in Bangkok, Thailand.
For further information on this release, please contact: Irene Lau
Senior Manager, Corporate Affairs
The Hongkong and Shanghai Hotels, Limited
Tel: (852) 2840 7788
Fax: (852) 2840 7567
Email: irenelau@peninsula.com

8th Floor, St. George's Building, 2 Ice House Street, Central, Hong Kong. Postal Address: G.P.O. Box 23, Hong Kong.

Telephone: (852) 2840 7788; Facsimile: (852) 2810 4306.


© Publicnow 2011
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Net income 2021 -736 M -94,8 M -94,8 M
Net Debt 2021 - - -
P/E ratio 2021 -16,6x
Yield 2021 -
Capitalization 12 437 M 1 600 M 1 600 M
Capi. / Sales 2021 4,16x
Capi. / Sales 2022 2,93x
Nbr of Employees 5 595
Free-Float 28,7%
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King Man Kwok CEO, Managing Director & Executive Director
Shih Ming Ip Chief Financial Officer & Executive Director
Michael David Kadoorie Non-Executive Chairman
Shane Izaks Group General Manager-Information Technology
Christopher Chan General Manager-Research & Technology