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| Raising S$117 mln through IPO, much of which will go to pay parent company for hotels [22/4/2012] – The company behind Singapore's Fragrance hotels is going public. Global Premium Hotels (GPH) owns and operates the second-largest economy-tier hotel chain here. Its 23 hotels have 1,738 rooms, of which 22 are operated under the "Fragrance" brand and one under the “Parc Sovereign” brand. GPH is an investment holding company, which bought up six existing subsidiaries from parent company Fragrance Group for S$558 mln on April 13, 2012, ahead of the listing on April 24. Important questions that need to be asked (Tycoon subscribers only): REGISTER FOR FREE at Investor Central and get - Free SMS alerts whenever we report on this and one (1) other company in your watchlist - Daily newsletter with market summary - Be invited to our Facebook page, or follow us on Twitter. SIGN UP at Investor Central for just S$99/RM240 per year and get - Free SMS alerts whenever we report on this and up to nine (9) other companies in your watchlist - Access to the full story - Access to our television reports via PC, iPad or iPhone - Be invited to ask questions ahead of CEO and analyst interviews - Free copy of 7 Secrets to Better Investing Success CD worth S$24.95. Contact us for more details. |