Global Premium Hotels gets delisting offer of 36.5¢ - a 14% premium

Singapore

THE chairman of Global Premium Hotels is planning to take private the mainboard-listed company which owns the Fragrance Hotel chain, to help the company cut compliance costs and have more flexibility in managing the business.

JK Global Capital Pte Ltd, an investment holding company owned by Global Premium chairman Koh Wee Meng, is offering 36.5 Singapore cents per share for the shares he does not yet own.