The Star Asia Group announced its acquisition plan for Minasia in May, and by June, had obtained all shares alongside Polaris Holdings. A stock and cash exchange between Star Asia Group and Polaris Holdings will be carried out.
Minasia currently operates 39 hotels with 5,180 rooms across the country. Together with hotels operated by Polaris Hotel, such as KOKO HOTEL and Value The Hotel, the group will operate a total of 91 hotels with 14,226 rooms.
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