Kuala lumpur: Stoneshield Capital is the second-largest shareholder in Meli¡ Hotels International ('Meli¡') with a 9.5% stake, and Juan Pepa, co-founder of Stoneshield, has been appointed to Meli¡'s Board of Directors. The appointment reflects Stoneshield's intention to act as a long-term reference shareholder, supporting the company's next phase of value creation through disciplined capital allocation and strategic alignment with management.

According to BERNAMA News Agency, the inclusion of Juan Pepa on the board is a significant move for Meli¡ Hotels International, indicating a strategic partnership aimed at enhancing the company's growth trajectory. Stoneshield Capital's substantial investment and active participation in the board are expected to influence the company's strategic decisions positively.

The decision to appoint a representative from Stoneshield Capital is seen as an endorsement of Meli¡'s current strategies and future potential. With Stoneshield Capital's backing, Meli¡ aims to strengthen its market position and achieve its long-term business objectives.