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Hotel Properties Ltd Announces Acquisition Of Remaining Stake In Luxury Holdings Pte Ltd

Thursday, 6 Jun 2013 05:21am EDT 

Hotel Properties Ltd announced that it has acquired 15% of the issued shares in Luxury Holdings Pte Ltd from Grenville Holdings Limited. Luxury Holdings is an investment holding company and prior to the Acquisition, the Company held 85% of its issued shares. Following the Acquisition, Luxury Holdings is now a wholly owned subsidiary of the Company. The aggregate purchase consideration for the Sale Shares is SGD65,495,000 which was paid to Grenville on completion of the Acquisition. 

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0.05 +1.15%
22 Jul 2014