Monday, January 31, 2011

TA Global buying China hotel for RM185.5m

KUALA LUMPUR: TA Global Bhd has proposed to acquire the hotel and business of Swissotel Kunshan in Kunshan, China for US$60.75 million (RM185.5 million)

TA Global Bhd said on Monday, Jan 31 it had entered into a sale and purchase of shares agreement on Jan 28 with Kingdom Hotel Investments to acquire all the shares in Swissotel Kunshan for US$60.75 million.

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