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Tuan Sing to buy over Aussie hotel associate

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

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...

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