Hotel Properties Limited *Official* (SGX: H15)

[Jupiter2017]

Hotel Properties (HPL) *Official* (SGX: H15)
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[Jupiter2017]

http://www.businesstimes.com.sg/com...nd-to-build-luxury-hotel-in-republic-of-palau
HPL subsidiary to buy land to build luxury hotel in Republic of Palau
Wed, Sep 06, 2017 - 8:58 PM Lynette Khoo lynkhoo@sph.com.sg

HOTEL Properties Limited said on Wednesday that its subsidiary, HPL Properties (Pacific Ocean) Pte Ltd (HPLPPO), has incorporated a wholly owned unit to acquire land at US$8.5 million to develop a luxury hotel in the Republic of Palau.
The setting up of Leisure Development Koror Inc and the land acquisition will be funded by way of internal funds and is not expected to have any significant impact on the net earnings per share and net tangible assets per share of the HPL group based on the audited consolidated financial statements for the year ended Dec 31, 2016.
HPLPPO is 70 per cent owned by HPL and 30 per cent owned by Como Holdings Pte Ltd (Como), which is beneficially owned by Ong Beng Seng, the managing director and deemed substantial shareholder of HPL.

 

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http://www.businesstimes.com.sg/companies-markets/hpl-q3-bottom-line-up-32
HPL Q3 bottom line up 32%
Mon, Nov 13, 2017 - 10:52 PM Nisha Ramchandani nishar@sph.com.sg

HOTEL Properties Limited (HPL) posted a 32 per cent year on year jump in net profit to S$42.22 million for Q3 ended Sept 30, in line with higher revenue.
Revenue rose about 18 per cent to S$165.09 million, mainly due to the sale of completed condominium units from the Tomlinson Heights development as well as higher contribution from the group's hotels and resorts, particularly those in Bali, Indonesia and the Maldives.
Earnings per share climbed from 5.73 Singapore cents to 7.78 Singapore cents.
"The global economic outlook has improved. Nevertheless, the group's hotels and resorts continue to face challenges such as competition and potential adverse political or environmental conditions of the countries in which the group operates," said HPL.
"On the property front, the Burlington Gate development in London was completed during the quarter under review; and barring unforeseen circumstances, the group expects the Holland Park Villas development to attain practical completion before the end of the year. In Singapore, the residential properties market sentiments have improved. The group will continue to market the remaining units in Tomlinson Heights, d'Leedon and the Interlace."

Price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=H15.SI

 

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http://www.businesstimes.com.sg/com...dditional-shares-in-subsidiary-and-associated
Hotel Properties Limited to acquire additional shares in subsidiary and associated company
WED, DEC 20, 2017 - 8:10 PM VIVIEN SHIAO vshiao@sph.com.sg

HOTEL Properties Limited (HPL)'s wholly-owned subsidiary HPL Properties (SEA) has entered into a share purchase agreement with ISY Holdings to acquire 11.25 million shares, representing 50 per cent interest in the capital of Palmco Hotels, and 100,000 shares, representing 10 per cent interest, in the capital of HRH Merchandise, for a total consideration of 105 million ringgit (S$34.7 million).
Prior to the share acquisitions, HPL Properties (SEA) owned 50 per cent interest in the equity of Palmco Hotels and 90 per cent interest in the equity of HRH Merchandise.
The total paid-up capital of Palmco Hotels is 22.5 million ringgit and the total paid-up capital of HRH Merchandise is one million ringgit.
Palmco Hotels owns Hard Rock Hotel Penang with 250 rooms together with its trademark "Hard Rock Café" and facilities located at Batu Ferringhi, Penang in Malaysia. The principal activity of HRH Merchandise is trading in souvenirs, momentos, gifts, clothing, apparels and accessories.
The share acquisitions are funded by internal resources and are expected to increase the earnings per share of the HPL Group from 18.13 Singapore cents to 20.18 Singapore cents, but are not expected to have any significant impact on the net tangible assets per share.

Price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=H15.SI