KUALA LUMPUR: MULPHA INTERNATIONAL BHD []'s units are selling the Hilton Melbourne Airport
Hotel for A$108.88 million (RM327 million) and they are expected to reap about RM207 million in gains from the sale.
The original investment cost was A$40 million (RM120 million) in June 2004 as part of a larger acquisition of a portfolio of PROPERTIES [].
Mulpha Hotel Pty Ltd and Mulpha Australia Ltd had on Thursday, Dec 16 entered into a conditional contract for the sale of business with Success City Pty Ltd (SCPL) to dispose of the hotel.
SCPL is a unit of Pan Pacific Hotels Group Ltd, a company listed on the Stock Exchange of Singapore.
Hotel for A$108.88 million (RM327 million) and they are expected to reap about RM207 million in gains from the sale.
The original investment cost was A$40 million (RM120 million) in June 2004 as part of a larger acquisition of a portfolio of PROPERTIES [].
Mulpha Hotel Pty Ltd and Mulpha Australia Ltd had on Thursday, Dec 16 entered into a conditional contract for the sale of business with Success City Pty Ltd (SCPL) to dispose of the hotel.
SCPL is a unit of Pan Pacific Hotels Group Ltd, a company listed on the Stock Exchange of Singapore.
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