Corporate digest

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

GLOBAL Yellow Pages has received approval to construct 225 houses in Queenstown, New Zealand, the company said on Tuesday. The approval will allow its wholly owned subsidiary The Remarkable Residences (TRR) to build on a plot of freehold land of about 38,400 square metres. It is not expected to …