Hotel Properties

[cif5000]

Since the Offeror intention is to keep listing, Fu family can participate in whatever upside WITHOUT being in any Offer.
So no incentive to counter-offer.

Since it is a Wheelock and Ong effort, it has something to do with redevt of that Orchard Road stretch. Fu family cannot unlock any value
without Wheelock help. The big car park is tumbling block. And Ong seems to be favoured by the Govt.

The question is, will Fu sit still? He risks losing control of the family business when OBS teamed up with Wheelock. If it is for Orchard Rd, a JV with Wheelock will suffice, isn't it?

Already lose control already....OBS run the show...

Car Park is in the middle of HPL and Wheelock...

41% vs 29%
Game not over yet.

At the current price ($3.65), the consortium is unlikely to receive any offer acceptance.