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Posted: 16 Apr 2011 | 6:00 am
Financial institution Morgan Stanley's venture in China's budget hotel sector has been a closely watched docudrama.
While the firm had expected to transact their 59% shareholding in Shanghai Motel Management together with the two other shareholders, bids have fallen short of the expected USD1 billion sale.
The chain is the 5th largest budget operator on the mainland and many industry watchers had expected either China Lodging or Home Inns to be aggressive in aggregation strategies.
Sluggish share prices in the sector have been blamed for the less then sterling bid process.
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
A recent Channel News Asia television segment Boomtown Asia checked into the island's environmental, and sustainable tourism sectors.
The innovative Evening Breeze environmental cooling system is gaining global attention in the resort markets and villas.
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