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OUE H-Trust plans S$238m rights issue to buy hotel extension

The extension, to be completed in the middle of this year, will add 243 rooms to the Crowne Plaza Changi Airport, raising total capacity to 563 rooms.


OUE Hospitality Trust (OUE H-Trust) is carrying out an underwritten rights issue to raise S$238.6 million in gross proceeds to fund the purchase of the Crowne Plaza Changi Airport hotel extension.

OUE H-Trust is a stapled group consisting of OUE Hospitality Real Estate...

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