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Goodwood Park's holding company offers to buy over minorities at a premium to group's revalued NAV

Hotel Holdings offers S$43 per share for the shares it doesn't own to consolidate its diverse shareholdings

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Published Fri, Oct 14, 2016 · 09:50 PM

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    Singapore

    "HOUSEKEEPING" of a different kind is underway at the owner of the iconic Goodwood Park Hotel on Scotts Road. In a move to neaten its organisational structure, Hotel Holdings, the holding company of the now-delisted Goodwood Park Hotel Ltd, is looking to consolidate its diverse shareholdings under a single firm.

    It would be the second property group in recent months to make such an attempt, following a similar consolidation move by CK Tang in May this year.

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