Datapulse to acquire Seoul hotel for 35b won
Acquisition of Hotel Aropa, expected to be completed in March 2019, is in line with plan to expand the group's business
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Singapore
DATAPULSE Technology has entered into definitive agreements with South Korean company Hotel Prima Co to acquire Hotel Aropa in Seoul for 35 billion won (S$42.7 million).
In a Singapore Exchange filing late on Sunday night, Datapulse said that on Dec 14, it signed a conditional real property sale and purchase agreement to acquire the entire land and building for Hotel Aropa, as well as a conditional asset transfer agreement for the assets, licences, contracts and employees of the hotel.
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