Hotel Properties Ltd (HPPS.SI) Key Developments | Reuters.com
Edition:
United States

Hotel Properties Ltd (HPPS.SI)

HPPS.SI on Stock Exchange of Singapore

3.40SGD
1 Jul 2016
Change (% chg)

$0.02 (+0.59%)
Prev Close
$3.38
Open
$3.41
Day's High
$3.41
Day's Low
$3.40
Volume
6,000
Avg. Vol
7,706
52-wk High
$4.01
52-wk Low
$3.19

Latest Key Developments (Source: Significant Developments)

Hotel Properties reports qtrly profit attributable to shareholders S$14.3 mln
Thursday, 12 May 2016 06:59am EDT 

Hotel Properties Ltd : For first quarter, group recorded a revenue of s$143.7 million compared to S$158.9 mln . Qtrly profit attributable to shareholders of s$14.3 mln vs s$14.3 mln .  Full Article

Hotel Properties Ltd announces acquisition of stake in Bankside Quarter Jersey and properties
Friday, 27 Mar 2015 09:32pm EDT 

Hotel Properties Ltd:Acquired a 30 pct interest in a newly formed company, Bankside Quarter (Jersey ) Ltd ( BQJ), to purchase two Jersey holding companies namely, CEREP Ludgate House Ltd and CEREP Sampson House Ltd which respectively own the freehold interests in two properties;.Entered into a sale and purchase agreement with The Carlyle Group (Vendor) for BQJ to purchase the freehold interest in the Properties from the vendor for a consideration of 308 million Pounds.It is intended that HPL(Southbank)’s share of the investment in BQJ for the acquisition of the Properties shall be funded by way of a combination of third-party loan financing and internal resources.  Full Article

Hotel Properties Ltd recommends first and final dividend and special dividend
Tuesday, 24 Feb 2015 05:37am EST 

Hotel Properties Ltd:Recommends first and final one-tier tax exempt cash dividend of S$0.04 per ordinary share and one-tier tax exempt special dividend of S$0.06 per ordinary share.Payable date to be announced at a later date.  Full Article

Hotel Properties Ltd's HPL Properties West incorporates subsidiary
Monday, 26 Jan 2015 04:42am EST 

Hotel Properties Ltd:Says a subsidiary, HPL Properties West Pte Ltd has subscribed for two ordinary shares comprising 100 pct in the equity of HPL (Southbank) Pte Ltd, a company newly incorporated in Singapore.The initial issued and paid-up share capital of HPL Southbank is S$2.00 and its principal activity is an investment holding company.  Full Article

Hotel Properties Ltd announces divestment of shares in associated company
Friday, 19 Dec 2014 04:31am EST 

Hotel Properties Ltd:Enters into share transfer agreement with General Mills Asia Pte. Ltd, to sell its entire 49 pct interest comprising 245,000 ordinary shares in capital of Pinedale Holdings Pte Ltd, an associated company of Company, and shareholder’s loan made by HPL to Pinedale Holdings to General Mills Asia.Says for total consideration of S$15 mln.General Mills Asia is an independent and unrelated party.  Full Article

Hotel Properties Ltd announces incorporation of indirect subsidiary company and joint venture with Anchorage View Pte. Ltd.
Tuesday, 14 Oct 2014 09:17am EDT 

Hotel Properties Ltd:Announces that its wholly owned subsidiary, HPL Properties (West) Pte. Ltd. has set up a wholly owned subsidiary, HPL (Paddington) Pte. Ltd. (HPL Paddington) in Singapore.Says the initial issued and paid-up share capital of HPL Paddington is S$2.00 and its principal activity is an investment holding company.Announces that HPL Paddington and Anchorage View Pte Ltd (AVPL) have formed a joint venture (the Joint Venture) to purchase a freehold property located at 31 London Street, Paddington, London W2, England (the Property).Says the joint venture company, Great Western Enterprises Limited (the JVC), was incorporated in Jersey for the purposes of undertaking the Joint Venture.Says the JVC has also incorporated a wholly-owned subsidiary, Great Western Developments Limited (GWD).JVC will be owned by as to 70 pct by HPL Paddington and 30 pct by AVPL respectively.Says the joint venture partners have entered into a sale and purchase agreement with Royal Mail Group Limited (the Vendor) for GWD to purchase the Property from the Vendor for a consideration of 111 million pound.  Full Article

Hotel Properties Ltd's subsidiary setting up new subsidiary
Wednesday, 20 Aug 2014 05:11am EDT 

Hotel Properties Ltd:Says that its 70 pct owned subsidiary, HPL Resorts (Maldives) Private Ltd (HPLRM), has set up wholly-owned subsidiary under laws of Republic of Maldives known as Leisure Beach Private Ltd (LBPL).Says principal activities of LBPL are to develop, own, manage and/or operate island resort and/or tourism related businesses in Republic of Maldives.Says authorised and issued share capital of LBPL is $10,000 comprising 10,000 ordinary shares of $1 each.Says establishment of LBPL is funded through internal resources.  Full Article

Hotel Properties Ltd announces disposal of subsidiary in Maldives
Wednesday, 16 Jul 2014 05:25am EDT 

Hotel Properties Ltd:Says 70 pct owned subsidiary, HPL Resorts (Maldives) Private Limited (HPLRM), has sold its entire 95 pct interest in M.A.T. (Maldives) Private Limited (M.A.T).Comprising 9,500 ordinary shares of $1 nominal value each.Following disposal, M.A.T. ceased to be subsidiary of Group.  Full Article