A consortium led by Singaporean tycoon Ong Beng Seng and Hong Kong-based developer Wheelock & Co. has proposed to buy the outstanding shares of Singapore's Hotel Properties Ltd.
June 05, 2014 at 03:34 AM
1 minute read
The original version of this story was published on Global Lawyer News
Allen & Gledhill is advising a consortium led by Singaporean tycoon Ong Beng Seng and Hong Kong-based developer Wheelock & Co. on its proposed $1.7 billion buyout of Singapore’s Hotel Properties Ltd.
Hotel Properties operates hotels primarily in Asia, but also develops residential properties in Singapore, Thailand, Australia and Europe. Ong is the company’s managing director.
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