Asset Acquisitions and Disposals::DISPOSAL OF SHARES IN INDIRECT JOINT VENTURE COMPANIES

Issuer & Securities

Issuer/ Manager
HOTEL PROPERTIES LIMITED
Securities
HOTEL PROPERTIES LTD - SG2P14002527 - H15
Stapled Security
No

Announcement Details

Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
09-Apr-2022 21:49:32
Status
New
Announcement Sub Title
DISPOSAL OF SHARES IN INDIRECT JOINT VENTURE COMPANIES
Announcement Reference
SG220409OTHRJHK3
Submitted By (Co./ Ind. Name)
lo Swee Oi
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Hotel Properties Limited's wholly-owned subsidiary, HPL Properties (West) Pte Ltd, has through its 80 percent owned joint venture company, HPL Olympia Pte Ltd entered into a Share Purchase Agreement with an unrelated party to sell its entire 100 percent ownership interest in the share capital of HPL (Olympia) Limited and Maple Olympia Propco 4 S.a.r.l.

Attachments

Disposal of JV companies_final.pdf
Total size =320K