Corporate digest
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.
TRENDING NOW
Orchard plot, Jurong East EC, Raffles Town Club site among 10 new housing parcels in H2 GLS plan
Geopolitical risks must be considered before investing in tech: Temasek chairman Teo Chee Hean
Don’t just pump money – Temasek’s portfolio firms, markets must create inherent value: Teo Chee Hean
Indonesia’s commodity export shake-up sparks industry alarm, investor jitters