Hotel Properties Ltd

Hotel Properties is back in the black with S$11.4 million H1 profit

Earnings per share for the period was S$0.0134, up from a loss per share of S$0.0162 in the year before

There have been queries about Hotel Properties Ltd's long-rumoured plan to redevelop its prime Orchard Road assets: Forum The Shopping Mall, voco Orchard Singapore and HPL House.

What’s next for Ong Beng Seng’s HPL?

Fresh share-buyback mandate, stepped-up business plans raise questions on the group’s future direction

Ong had notably been involved with former transport minister S Iswaran in an obstruction of justice case, involving the Formula 1 night race.
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Shares of HPL close 0.7% higher; investors unfazed by founder Ong Beng Seng’s guilty plea

The counter had earlier tumbled S$0.07 to S$5.39 from its open price but rebounded before noon

HPL says that discussions are still ongoing on the viability of redeveloping Forum The Shopping Mall and voco Orchard Singapore.

HPL says no certainties in ongoing discussions to redevelop Forum The Shopping Mall, voco Orchard Singapore

[SINGAPORE] Hotel Properties Limited (HPL) has clarified that it is still in discussions with parties over the redevelopment of Forum The Shopping Mall and voco Orchard Singapore.

Forum The Shopping Mall is valued at about S$990 million, HPL group executive director Christopher Lim said at the company’s annual meeting in April.

Ong Beng Seng’s HPL looks to cut stakes in Forum mall, voco Orchard hotel: sources

[SINGAPORE] The property firm of embattled billionaire Ong Beng Seng is looking to reduce its stakes in two marquee assets along Singapore’s Orchard Road shopping strip, according to people familiar w...

Ong, former managing director of Hotel Properties Ltd, is widely known for bringing the Formula 1 night race to Singapore in 2008.

Ong Beng Seng set to plead guilty on Aug 4 

The tycoon faces one charge of abetting offences under Section 165 of the Penal Code, and one charge of abetting the obstruction of justice

Property tycoon Ong Beng Seng faces two charges: one of abetting offences under Section 165 of the Penal Code – which forbids public servants from accepting gifts from people involved with them in an official capacity – and another of abetting the obstruction of justice.

Ong Beng Seng set for another pre-trial conference on Jul 23

The property tycoon was previously set to plead guilty to two charges on Jul 3

He faces one charge of abetting offences under Section 165 of the Penal Code and one charge of abetting the obstruction of justice.

Ong Beng Seng’s case back to Jul 8 pre-trial conference; previously meant to plead guilty on Jul 3

 Postponement is for parties to file further written submissions on the sentencing

After news broke that HPL founder and erstwhile managing director Ong Beng Seng was stepping down, there has been talk that new players may be keen on the company.
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Ong Beng Seng’s HPL jumps almost 10% in heavy trading; company says unaware of reason for spike

[SINGAPORE] Shares of Hotel Properties Ltd (HPL) jumped almost 10 per cent in active trading on Friday (May 16) morning, prompting queries from Singapore Exchange Regulation (SGX RegCo).

Property tycoon Ong Beng Seng was handed two charges in October 2024, stemming from his dealings with former transport minister S Iswaran.

Ong Beng Seng’s next court date fixed for Jun 10

He steps down as managing director of HPL at the close of the group’s AGM on Apr 29