Response to SGX Queries::

Issuer & Securities

Issuer/ Manager
HOTEL GRAND CENTRAL LIMITED
Securities
HOTEL GRAND CENTRAL LTD - SG1J41888780 - H18
Stapled Security
No

Announcement Details

Announcement Title
Response to SGX Queries
Date &Time of Broadcast
18-May-2015 18:16:27
Status
New
Supplementary Title
On Media Reports
Announcement Reference
SG150518OTHRYDNF
Submitted By (Co./ Ind. Name)
HOTEL GRAND CENTRAL LIMITED
Designation
COMPANY SECRETARY
Description (Please provide a detailed description of the change in the box below)

Please see attached the Company's announcement in response to SGX's request to clarify the following comments made by the Chairman in the Business Times of 15 May 2015:

1) We are looking for a site in the Melbourne CBD where we could develop a project with a hotel, serviced apartments and offices."
2) The group also hopes to find investment properties in Singapore. "We would prefer to develop a project ourselves but it is quite hard to get land in Singapore."
3) Word on the street is that Hotel Chancellor@Orchard was in the market for sale last year. When asked about this, Mr Tan said: "If someone offers me (a good price like) S$1.2 million per room, we will consider."

Attachments

HEADLINE IN BUSINESS TIME 15TH MAY 2015.pdf
Announcement Chairman comments on BT 15May2015.pdf
Total size =1671K