CDLHT hotel deals 'not prejudicial' to securityholders' interests: IFA
Add BT as a preferred source
Fiona Lam
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
CDL Hospitality Trusts' (CDLHT) proposed redevelopment of Novotel Singapore Clarke Quay and its potential acquisition of W Singapore in Sentosa Cove are both on normal commercial terms, according to independent financial adviser (IFA) Deloitte & Touche Corporate Finance.
Both deals are "not prejudicial" to the interests of CDL Hospitality Real Estate Investment Trust (H-Reit), CDL Hospitality Business Trust (HBT) or minority securityholders, the adviser said in a circular despatched on Friday. CDLHT is a stapled group comprising H-Reit and HBT.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
