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Hospitality Property Fund Ltd (HPAJ.J)

HPAJ.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

S.Africa's Competition Tribunal says Southern Sun competitors withdraw intervention request
Wednesday, 15 Jun 2016 06:51am EDT 

S.Africa's Competition Tribunal : Southern Sun competitors withdraw request to intervene in merger . Two companies in hospitality sector have withdrawn their request to be given an opportunity to intervene in an upcoming merger hearing . Argute Consulting and Tourvest Holdings said today, Wednesday 15 2016, that they had reached agreements with merging parties regarding their concerns . Argute and Tourvest said they would still make themselves available to competition commission when commission presented its case at hearing . Competition commission has recommended to tribunal conditional approval of merger . Granting of an intervention would have allowed argute and tourvest to present their argument to tribunal and to cross examine witnesses . Commission has taken into consideration other third party concerns in its conditions ((Bengaluru Newsroom +918067491136;)).  Full Article

S.Africa Competition Tribunal to hear Argute Consulting on Southern Sun Hotels merger
Tuesday, 14 Jun 2016 09:15am EDT 

S.Africa Competition Tribunal : On Wednesday, the tribunal will hear an application by Argute Consulting to intervene in the merger hearing of Southern Sun Hotels and Hospitality Property Fund . Argute Consulting has raised concerns that Tsogo Sun will have access to competitively sensitive information . Argute consulting has raised concerns that Tsogo Sun could refuse to renew leases of hotel operators with a view to take over the operations ((Bengaluru Newsroom +918067491136;)).  Full Article

SA's Competition Commission approves Southern Sun-Hospitality Property deal with conditions
Friday, 13 May 2016 04:41am EDT 

South Africa Competition Commission: Approved without conditions intermediate merger whereby Hengtong intends to acquire Aberdare. . Proposed merger between Firstrand Life Assurance Ltd (Firstrand) and MMI Group Ltd approved without conditions . Recommended that large merger whereby Southern Sun Hotels intends to acquire Hospitality Property Fund be approved with conditions (Bengaluru Newsroom: +91 80 6749 1136).  Full Article

Hospitality Property Fund announces CEO resignation
Sunday, 21 Jun 2015 10:50pm EDT 

Hospitality Property Fund Ltd:Says chief executive officer, Andrew Rogers resigned and dismissed with immediate effect.Says dismissed following outcome of a forensic investigation and a subsequent disciplinary hearing.Says Ridwaan Asmal will continue to fulfill the role of acting chief executive officer.  Full Article

Hospitality Property Fund Ltd announces distribution payment number 17
Wednesday, 20 Aug 2014 11:48am EDT 

Hospitality Property Fund Ltd:Says unitholders will receive distribution payment number 17 for six-month period ended June 30 of 71.52 cents per A-linked unit and 14.20 cents per B-linked unit.Record date is Sept. 12.Pay date is Sept. 15.Linked units will trade ex-interest on Sept. 08.  Full Article