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Hotel Properties Limited (HPL)
Corruption probe
Billionaire's mission to court Singapore’s political elite backfired
Graft saga brings spotlight on Ong Beng Seng’s business empire. The tycoon has said he’s cooperating with the authorities.
January 25, 2024
Results
Hotel Properties Limited guides for net loss in 1HFY2023 on higher interest costs and share of losses
The loss comes on the back of higher interest costs and share of losses from associates and jointly-controlled entities.
July 28, 2023
Singapore news
What to know about the hotel billionaire ensnared in Singapore's graft probe
Who is Ong Beng Seng and what’s his net worth? This and other questions answered.
July 15, 2023
Singapore news
HPL's Ong Beng Seng is involved in same corruption probe as Iswaran
Ong Beng Seng is known for bringing in the F1 races, championed by minister Iswaran
July 14, 2023
Broker's Calls
Positive development on HPL's development proposal for its Orchard assets could yield 'significant upside' to RNAV: DBS
If approved, the project is likely to require “significant capital expenditure”, says the DBS team.
June 13, 2023
Broker's Calls
DBS initiates 'buy' on Hotel Properties with TP of $4.35
DBS analysts Elizabelle Pang and Derek Tan see several positives including the group being a beneficiary of revenge travel.
February 20, 2023
Property
Hotel Properties disposes of all its units at Ming Arcade
The sale is expected to net the group a gain of $61 million.
December 20, 2022
Offer
Cuscaden ups offer for SPH to $2.40 per share, enters into implementation agreement with SPH
The new offer values SPH at $3.9 billion, and is superior to Keppel’s revised scheme consideration of $2.351 per share.
November 15, 2021
M&A
With a surprise all-cash potential bid, what does Temasek-linked consortium see in SPH?
"Temasek is at the center of these two transactions, something must have changed for this to have come about."
October 29, 2021
M&A
Consortium comprising Mapletree, CLA, Ong Beng Seng and Hotel Properties make rival offer for SPH
The consortium has proposed a consideration of $2.10 per share fully paid out in cash.
October 29, 2021