HENDERSON Investment, which last week bought 34.78 per cent of takeover target Miramar Hotel, has ruled out a deal with Li Ka-shing's Cheung Kong-CITIC consortium. According to Henderson Investment director William Wong Wing-lun, the group would stick by its original plan to hold its stake in Miramar as a long-term investment. ''We are trying to obtain two seats on the board [of Miramar], but we will probably end up with just one. We are trying to help the company by injecting some of our expertise,'' he said. Cheung Kong-CITIC consortium has raised its bid twice for all the shares and warrants of Miramar. The offer stands at $17 per share and $10 per outstanding warrant. This matches the price that Henderson paid for its stake. Analysts insist that Miramar is being sought because of its hotel site in Tsim Sha Tsui, thought to be among the most valuable pieces of real estate in Kowloon, and that a takeover would result in the property being redeveloped.