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H12 - Hotel Royal News Story

S$2.94 0.0  0.7%

Last Trade - 9:59am

Sector
Consumer Cyclicals
Size
Small Cap
Market Cap £156.7m
Enterprise Value £209.7m
Revenue £16.3m
Position in Universe 2539th / 6101

BRIEF-Boustead Holdings Says Unit Entered Sale & Purchase Agreement With Every Room A Home

Fri 15th March, 2019 10:16am
March 15 (Reuters) - Boustead Holdings Bhd  BOUS.KL :
    * UNIT ENTERED SALE AND PURCHASE AGREEMENT WITH EVERY ROOM A
HOME
FOR DISPOSAL OF ROYALE CHULAN BUKIT BINTANG HOTEL FOR 197
MILLION RGT
    * CO INTENDS TO USE 184 MILLION RGT OF DISPOSAL
CONSIDERATION TO
REPAY PART OF ITS BANK BORROWINGS BY Q3 OF 2019
    * EXPECTED TO REALISE AN ESTIMATED GAIN OF ABOUT 92 MILLION
RGT
UPON COMPLETION OF DISPOSAL

Source text: [ID:https://bit.ly/2EXVxs0]
Further company coverage:  BOUS.KL 

 (Reuters.Briefs@thomsonreuters.com)
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