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Tuan Sing to buy over Aussie hotel associate

Completion of deal worth A$126m seen before year-end

Published Wed, Sep 3, 2014 · 10:00 PM
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TUAN Sing Holdings on Wednesday said that it would buy the 50 per cent stake in Australia's Grand Hotel Group (GHG) belonging to joint venture partner Morgan Stanley, for A$126.04 million (S$147.38 million) .

If the deal goes through, Tuan Sing, which already owns half of GHG, will have full control over the Australian group, w…

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