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Published Tue, Nov 8, 2016 · 09:50 PM

Global Premium Hotels

GLOBAL Premium Hotels (GPH) announced after trading hours on Tuesday the acquisition of a hotel property in Australia's Tasmania state for A$7.2 million (S$7.7 million) through a newly incorporated subsidiary.

The newly incorporated subsidiary in Australia, GP Hotel Launceston, will have an initial paid-up capital of A$1 million.

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