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HPL Said to Be Looking to Cut Stakes in Forum Mall, Voco Hotel
July 30, 2025
|The Straits Times
It seeks at least $2b for Orchard Road assets: Sources
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The property company of embattled billionaire Ong Beng Seng is looking to reduce its stakes in two marquee assets along Orchard Road, according to people familiar with the matter.
Hotel Properties Limited (HPL) is in talks to sell majority stakes in Forum The Shopping Mall and voco Orchard hotel, said the sources, who asked not to be identified discussing private matters.
HPL is seeking a deal that would value the two adjacent assets for at least $2 billion, they added.
A spokesperson for Singapore-listed HPL declined to comment.
The company has interests in more than 40 hotels across the globe, including the Four Seasons in Singapore and resorts in the Maldives.
هذه القصة من طبعة July 30, 2025 من The Straits Times.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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