GSH, popiah king invest RM700m in resorts business
GSH Corporation and TYJ Group Pte Ltd - the investment vehicle of "popiah king" Sam Goi - are jointly investing about 700 million ringgit (S$269.7 million) for a 77.5 per cent stake in The Sutera Harbour Group Sdn Bhd.
Eagle Origin Limited (EOL), currently the sole owner of The Sutera Harbour Group, will hold the remaining 22.5 per cent. EOL is owned by Edward Ong Han Nam, the founder of Sutera Harbour Resort.
After the acquisition, The Sutera Harbour Group will hold 100 per cent of Sutera Harbour Resorts, which operates two five-star hotels in Kota Kinabalu, Malaysia, as well as the 104-berth Sutera Harbour Marina and Country Club which has a 27-hole championship golf course.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Chevron's quarterly profit beats estimates
EU toughens rules on Chinese fashion retailer Shein
Keppel prices 70 million euros of floating-rate notes due 2031
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Shareholders raise questions over dividend payout, directors’ salaries at Best World AGM ahead of proposed privatisation
China’s Bank of Communications Q1 profit rises 1.44%