icp ltd

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

He owns 57.16% of ICP, and cited low trading liquidity as a reason for the offer

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

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

The 10-storey property also has 19 carpark lots, a rooftop bar and a basement

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.

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

As at 5.30 pm on Tuesday (Aug 29), controlling shareholder Aw Cheok Huat owns a majority of ICP with over two billion shares, or about 60.32 per cent of the total issued shares in the Catalist-listed ...

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).

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

THE substantial shareholder of Catalist-listed ICP, Aw Cheok Huat, has amassed more than 50 per cent of the total number of shares in the company, turning his offer unconditional in all respects.

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".

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

CATALIST-LISTED ICP will not proceed with its proposed placement of about 570.8 million shares at S$0.00876 apiece, for an approximate consideration of up to S$5 million, it announced on Thursday (Jul...

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.

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

SUBSTANTIAL shareholder of Catalist-listed ICP Aw Cheok Huat has launched a mandatory conditional cash offer for shares of the company at S$0.007 apiece, after acquiring an additional 773.2 million sh...

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.

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

ICP will hold an extraordinary general meeting (EGM) on Jul 26 to vote on the removal of three directors.

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.

ICP shareholder requisitions EGM to remove three directors

CATALIST-listed ICP has received a requisition notice from shareholder Ang Kong Meng to convene an extraordinary general meeting (EGM) to pass seven resolutions, it announced on Thursday (Jun 15).

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

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

ICP has proposed to acquire a stake in 2 hotel properties located in Sapporo and Nagoya, Japan via a 6.5 billion yen (S$64 million) transaction, it said late on Wednesday (Sep 21) night in a bourse fi...

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.

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

ICP – which is involved in hotel management and franchising, hotel funds management and shipping investment and charter – sank deeper into the red with a net loss of S$925,000 recorded in the fiscal s...