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Posted: 05 Apr 2014 | 6:00 am
Australian hospitality group Mantra has had to withdraw a IPO (initial public offering) from the market over pricing concerns.
This marks the second attempt of the group for an exit strategy.
Largely Australian focused the brand has used Bali in recent times as a point of expansion but has yet to enter other Asian markets.
Mantra's brand portfolio includes the core offering along with Peppers and BreakFree
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:
One emerging hotel booking site GreenHotelWorld.com has now engaged more 5,200 green certified properties globally.
The recent relaunch and expansion plans at the famed Indonesian's sustainable resort Nihiwatu shows that luxury can fit into this niche segment.
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