Singapore Stock Market News
Global Premium Hotels Ltd - IPO
StockFanatic
Publish date: Tue, 27 Mar 2012, 11:03 PM
StockFanatic
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' Operates one of Singapore's largest chain of hotels providing economy-tier to mid-tier hotel accommodations
' Total market value of the 22 hotels owned by the Group is $747.6 million*
' Operate 23 hotels under 2 brands comprising of 1,738 rooms island-wide*
' 2nd largest economy-tier hotel operator** in Singapore by retail value of accommodation in 2010, accounting for 12.2% market share
' Intends to distribute at least 80% of net profit after tax as dividends for FY2012 ending 31 Dec 2012
' The preliminary prospectus of Global Premium Hotels ('GPH') has just been lodged with the MAS on the'' OPERA. (Click here to view)
' Issue Manager & Underwriter - Oversea-Chinese Banking Corporation Limited
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