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Companies & Markets

ICP receives S$0.009 per share exit offer from major shareholder Aw Cheok Huat

The hotel can be sold with vacant possession or with a new management contract under the Travelodge brand, says JLL.
Property

Schroders, TPG put Harbourfront hotel up for sale at S$320 million

ICP, which has Travelodge Hotels (Asia) as one of its main operating subsidiaries, is now majority owned by 60.32 per cent shareholder Aw Cheok Huat.
Companies & Markets

Aw Cheok Huat’s offer for ICP closes with 60.32% valid acceptances

Travelodge Hotels (Asia), one of ICP's main operating subsidiaries. Substantial shareholder Aw Cheok Huat had received valid acceptances amounting to over 178.1 million offer shares, or 5.34 per cent of the total number of shares as at 6 pm on Thursday (Aug 17).
Companies & Markets

Controlling shareholder’s offer for ICP crosses 50% threshold, turns unconditional

Travelodge Hotels (Asia) is one of ICP's main operating subsidiaries. Ang Kong Meng in his requisition notice says ICP's proposed placement "does not seem to be a true fundraising", but rather to "dilute shareholders' interest".
Companies & Markets

ICP terminates proposed share placement after Aw Cheok Huat’s cash offer

ICP, which has Travelodge Hotels (Asia) as one of its main operating subsidiaries, has received a requisition notice in part due to related-party transactions between itself and Datapulse Technology, of which Aw Cheok Huat is chairman.
Companies & Markets

Controlling shareholder Aw Cheok Huat makes conditional cash offer for ICP after S$5.4 million married deal

Shareholders of ICP, which has Travelodge Hotels (Asia) as one of its main operating subsidiaries, will also vote on the appointment of two new directors.
Companies & Markets

ICP to hold EGM on Jul 26 to vote on directors’ removal 

ICP, which has Travelodge Hotels (Asia) as one of its main operating subsidiaries, is currently in an advanced stage of negotiations for an investment opportunity.
Companies & Markets

ICP shareholder requisitions EGM to remove three directors

One of the hotels, 2nd by hotel androoms Nagoya, has 13 floors with 211 rooms.
Companies & Markets

ICP eyes Nagoya, Sapporo hotel stakes in 6.5b yen deal

Travelodge Phuket Town opened earlier this year. ICP said this will be followed by the opening of Travelodge Chiang Mai in the fourth quarter of 2022.
Companies & Markets

ICP sinks deeper into red in FY2022 with S$1.2m loss

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