Corporate digest
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Lum Chang Holdings
LUM Chang Holdings' subsidiary has sold a London hotel for £13.78 million (about S$24.5 million). On Dec 23, Lum Chang subsidiary Lum Chang Orion agreed to sell 11.4 million shares in Pembridge Palace Holdco to ITC Investment & Technology Group Companies. Pembridge Palace owns the freehold interest in the London hotel. The transaction is expected to generate a net gain of £2.6 million.
Global Yellow Pages
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