Question
The following background information of this question is repeated in some other questions in this examination: GBA Macao Group, which is a group listed in
The following background information of this question is repeated in some other questions in this examination:
GBA Macao Group, which is a group listed in Shenzhen, was incorporated by two sisters. Miss GiGi Young and Chantel Young, in Macao in 1990. GBA was originally involved in hotel investment and hotel management business in Macao but has later expanded presence in many business in many places. GBA is now sourcing funds in Shenzhen and Hong Kong and has expanded presence in Europe. GBA prepares its financial statements in accordance with the International Financial Reporting Standards.
Even GBA is involved in hotel investment and hotel management, its construction work of the hotels and the daily operation of the hotels are operated by a strategic partner, Edwin Hotel Group. Pursuant to its strategic mission to enlarge its group and ensure the quality of its hotel infrastructure and services, GBA is considering different proposals in controlling and consolidating Edwin into its group. However, Edwin's major shareholders even accept all kinds of proposal, they do not wish to dispose of their interest in Edwin. Required: Draft a brief proposal to help GBA achieve its strategic objective in controlling and consolidating Edwin into its group.
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