Millennium & Copthorne New Zealand bought the Mayfair Hotel Christchurch in January. The property ... More will be rebranded.

City Developments—controlled by billionaire Kwek Leng Beng and his family—failed in its NZ$71 million ($42 million) bid to buy out Millennium & Copthorne Hotels New Zealand’s minority shareholders.

The Singapore-listed property developer held almost 84% of M&C New Zealand at the close of the offer on Thursday, missing the 90% threshold it needed to delist the hotel company, M&C New........

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