Low Keng Huat to sell Viet hotel unit for 1.1 trillion dong
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
CONSTRUCTION firm Low Keng Huat is proposing to sell its Vietnam hotel subsidiary for 1.1 trillion dong (S$67 million).
Low Keng Huat owns Vinametric, which owns and operates Duxton Hotel Saigon in Ho Chi Minh City's District 1. The hotel was valued by CBRE to be US$40 million as at April 2014.
Estimated net proceeds of S$65 million will be used for general working capital and investment purposes.
Low Keng Huat last traded at S$0.61 a share.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Middle East-linked energy supply shocks put Asean Power Grid back in focus
