Business briefing

Hotel Grand Central ups investments

HOTEL Grand Central has increased its investments in its wholly owned subsidiaries in Australia. These are Grand Central (Flinders St) and Hotel Grand Chancellor (Palm Cove); investments were raised from A$2 (S$2.25) to A$20 million and A$5 million respectively. The move will not have any material impact on the consolidated net tangible assets per share of the group for the financial period to Dec 31, 2013.

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