The Board of Directors of Banyan Tree Holdings Limited wishes to announce that its wholly-owned subsidiary, Banyan Tree Hotels & Resorts Pte. Ltd. has entered into a Memorandum of Understanding with Eighth Wonder Asia, LLC ("Eighth Wonder") to provide certain technical, pre-opening and management services for a proposed Banyan Tree Resort and various Spas in the Sentosa Integrated Resort Project should Eighth Wonder win the bid.
Attached is a copy of a press release made by Eighth Wonder and Banyan Tree Holdings Limited.
By Order of the Board
DBS Bank Ltd and UBS AG, acting through its business group, UBS Investment Bank, were the joint global co-ordinators and bookrunners of the initial public offering of the shares in Banyan Tree Holdings Limited.