The firm is seeking a deal that would value both assets for at least $2 billion, according to the July 29 article.
Hotel Properties Limited (HPL) says there is “no certainty” that discussions pertaining to the sale of its majority stakes in Forum The Shopping Mall and voco Orchard Singapore will “result in any transaction”.
The company’s announcement, released on the evening of July 29, comes after Bloomberg, citing sources, reported that it is in talks to sell majority stakes in both properties.
