Company Briefs

No raise in Global Premium offer price

THE offer price for shares in Global Premium Hotels will not be raised, and the offer period will not be extended beyond April 24, DBS Bank said yesterday on behalf of the company's chairman Koh Wee Meng. Mr Koh has sought to acquire shares in Global Premium Hotels for 33 cents apiece through a voluntary unconditional cash offer in order to gain a controlling stake in the company but maintaining its listing status. As at March 25, Mr Koh has acquired a total of 62.4 per cent stake in the company.

GSH takes 77.5% stake in Sutera Harbour