Jardine takes full control of Mandarin Oriental after scheme completion

Shareholders are entitled to $21.44 per share.

Jardine Matheson has taken full control of Mandarin Oriental International after a court-approved scheme of arrangement became effective, according to a joint announcement by the companies. 

The transaction transferred ownership of the remaining 11.96% of Mandarin Oriental’s issued share capital to Jardine Strategic Limited, a wholly owned subsidiary of Jardine Matheson.

The companies said the scheme became effective following delivery of the court order to the Bermuda Registrar of Companies on 19 January 2026, after the court sanctioned the arrangement on 16 January 2026. Shareholder approvals were obtained at the court meeting and special general meeting held in December 2025.

Under the terms of the scheme, independent Mandarin Oriental shareholders on the record date of 16 January 2026 are entitled to receive cash consideration of $21.44 (US$2.75) per share. The companies said settlement will be effected as soon as reasonably practicable in accordance with the scheme document.

Mandarin Oriental said trading in its shares had already been suspended on the London Stock Exchange, the Singapore Exchange and the Bermuda Stock Exchange. The company added that applications have been made to cancel the listings on all three exchanges, with the delistings scheduled to take effect on 20 January 2026.

1 USD = 7.80 HKD