Monday, February 20, 2012

Fragrance

Fragrance: Spinning off hotel mgmt arm. Global Hotel, the investment holding company for the hotel ownership and mgmt division of the Group has obtained a letter of eligibility to-list from SGX. Global Hotel expects to offer new shares in its IPO. Sh/h approvals are still necessary for the IPO to go through as well as submission of internal audit and control matters and other documents.

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