Far East Hospitality and Straits trading forms strategic alliance to grow Rendezvous Hotel hospitality business in Asia-Pacific
Monday, 3 December 2012 The Straits Trading Company Limited (STC) has signed a Memoranda of Understanding (MOUs) with members of the Far East Organisation (FEO) Group, setting the framework for a strategic alliance in the hospitality sector.
Under the MOUs, STC entities, including its hospitality arm Rendezvous Hospitality Group (STC Group), will enter into agreements with FEO’s listed entities, Far East Orchard Limited (FE Orchard) and Far East Hospitality Trust (Far East H-Trust), as part of an overall strategy to create sustainable platforms for growth and value creation, both in Singapore and the Asia
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