Hotel Properties (HPL)

Company in the news

Hotel Properties prices $160 mil of subordinated perpetual securities at 5.5%

The securities carry a rate of distribution of 5.5% per annum, with no fixed redemption date.
Ong Beng Seng to continue being managing director of Hotel Properties - THE EDGE SINGAPORE

Corruption probe

Ong Beng Seng to continue being managing director of Hotel Properties

The news comes after Ong was charged in court for offences under Sections 165 and 204A(a) of the Penal Code on the same day.
Billionaire courted Singapore’s political elite. It backfired - THE EDGE SINGAPORE

Corruption probe

Billionaire courted Singapore’s political elite. It backfired

Ong Beng Seng's ways are taking centre stage after an investigation that has already toppled one of the most senior politicians in the city-state.

Singapore news

Singapore to review F1 deal, audit 2022 race after graft probe

'We are reviewing the terms of the deal again'

M&A

Hotel Properties' new UK-based joint venture to acquire 90% stake in Italian hotel for $61 mil

Hotel Properties will be taking control of the 5-star luxury hotel in Italy.

SGX query

Hotel Properties triggers SGX query as shares jump as much as 7.6%

SINGAPORE (Oct 8): Hotel Properties (HPL) has triggered a query from Singapore Exchange Regulation (SGX RegCo), after its share price surged as much as 7.6% on heavy trading Tuesday morning.

Multi-industry

ST Engineering, Haw Par, Hotel Properties win top spots for second year running

SINGAPORE (Sept 16): Even as international markets and companies are falling prey to rising volatility, Singapore Technologies Engineering is powering through the macroeconomic uncertainties — not unlike one of its new Hunter Armoured Fighting Vehicles.

Buyout

OCBC says Hotel Properties could possibly be the next general offer candidate

SINGAPORE (Oct 15): OCBC Investment Research says Hotel Properties (HPL) could be the next candidate of a general offer.

Broker's Calls

Go defensiveness after this week's market meltdown, says OCBC

SINGAPORE (Oct 12): The Dow Jones Industrial Average on Wednesday fell more than 800 points while the S&P 500 had its worst day since February as technology stocks were battered.
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