Staff Reporter
,
Singapore
Up to $2m will be distributed to shareholders.
Ascendas Hospitality Trust today revealed that it is divesting Pullman Cairns International for a cash consideration of $79.3m (AS$75.1m).
The consideration is 12.1% above latest independent valuation of A$67m. A portion of proceeds to be used to repay existing debt, providing greater financial flexibility, and up to S$2.0 million will be distributed to stapled securityholders
Join Singapore Business Review community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!