Mainboard-listed luxury resorts operator Banyan Tree says one of its subsidiaries is selling a hotel asset in Thailand for some S$110 million. The subsidiary, Laguna Resorts & Hotels, is selling the "Dusit Thani Laguna Phuket" in Phuket to Dusit Thani Public Company. The expected gain on disposal for Banyan Tree is about S$68.4 million. The excess of the sale proceeds over the book value is expected...
