Hotel Properties

Hotel Properties: Offer declared unconditional after the consortium 68 Holdings, which comprises Ong Beng Seng and Wheelock Properties has received 50.26% of Hotel Properties' (HPL) share capital. This follows after the consortium revised its cash offer for HPL for the second time to $4.05 from $4.00/share on 27 May. The offer will be extended to 5.30pm on 26 Jun and the consortium does not intend to further extend the closing date.