Lee Hing Development plans to dispose shareholding in Amanresorts

Tan Boon Seng, managing director of Lee Hing Development (0068), said after the
 board meeting that the company held 59% shareholding of Amanresorts and was
 now planning to sell it. The 59% shareholding in Amanresorts held by Lee Hing
 Developmetn worth about US$100 mln. Mr Tan hoped to reduce the relevant
 investment to US$10-20 mln. The annual revenue of Amanresorts was about US$13

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