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He does come across as enjoying the attention, but nothing wrong with that.
I rather have Mano on the microphone than some baffled retirees asking qns that do not just irritate the BOD, it irritates every shlders.
There are also some who not only ask qns.... they also give advice to management. OMG.
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1 for 5 Rights Issue at An Issue Price of S$3.00
Hotel Royal Limited announced that the Company proposes to undertake a renounceable non-underwritten rights issue of up to 16,800,000 new ordinary shares in the capital of the Company at an issue price of S$3.00 for each Rights Share on the basis of one (1) Rights Share for every five (5) existing ordinary shares in the capital of the Company held by the shareholders of the Company as at a time and date to be determined by the Directors for the purpose of determining the Shareholders’ entitlements under the Rights Issue, fractional entitlements to be disregarded.
More details in
http://infopub.sgx.com/FileOpen/HRL_Anno...eID=505344
Specuvestor: Asset - Business - Structure.
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3. Purpose of the Rights Issue and the Use of Proceeds
3.1 Through the Rights Issue, the Company seeks to strengthen its financial position, enlarge its
capital base and further enhance the financial flexibility of the Group. In particular, the Net
Proceeds (as defined below) of the Rights Issue will be used for (a) the repayment of the bank
borrowings of the Company; and (b) general working capital purposes, so as to provide the
Group with more flexibility and enhance its ability to formulate, strategise and execute its
business plans.
Use of Net
Proceeds
Amount
(S$ million)
Percentage of
Net Proceeds
(%)
Amount
(S$ million)
Percentage of
Net Proceeds
(%)
Repayment of
bank
borrowings of
the Company
40.00 79.5 20.00 66.0
General
working capital
purposes
10.30 20.5 10.31 34.0
Total 50.30 100 30.31 100
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
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The Proposed Acquisition of Royale Chulan Bukit Bintang Hotel and Its Business in Kuala Lumpur
Hotel Royal Limited announced that the Company had on 15 February 2019 made an offer to Boustead Hotels & Resorts Sdn Bhd to acquire Royale Chulan Bukit Bintang Hotel and its business in Kuala Lumpur, Malaysia for a total purchase consideration of RM197,000,000. The Vendor had accepted the Offer on 19 February 2019 and the notification of the acceptance was made to the Company on the same day.
The Hotel is a 4-star property with 400 suites and rooms that sits on freehold land of about 3,189 square metres. Its facilities, comprising of a swimming pool, fitness centre, restaurant, bar, business centre, executive lounge, ballrooms and meeting rooms, are located in a 20-storey tower and a 13-storey twin tower. It is situated along Jalan Bukit Bintang, Kuala Lumpur, Malaysia, the established entertainment and shopping district within Kuala Lumpur’s Golden Triangle or the Orchard Road of Kuala Lumpur.
More details in
http://infopub.sgx.com/FileOpen/Announce...eID=544663
Specuvestor: Asset - Business - Structure.
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Hotel Royal Limited released financial results for the year ended 31 december 2019 :
https://links.sgx.com/FileOpen/4Q2019%20...eID=598581
Due to the recent Covid-19 virus outbreak, business in February 2020 has been very adversely affected. This will continue into March 2020 and 3Q 2020. The directors are of the opinion that it is prudent to preserve cash to tide through this difficult period.
It declared a dividend of 2.5 cents per share.
Hotel Royal today closed at 2.850 (-0.080), down 2.73%.
Specuvestor: Asset - Business - Structure.
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Hotel Royal Limited released financial results for the year ended 31 december 2019 :
https://links.sgx.com/FileOpen/4Q2019%20...eID=598581
Due to the recent Covid-19 virus outbreak, business in February 2020 has been very adversely affected. This will continue into March 2020 and 3Q 2020. The directors are of the opinion that it is prudent to preserve cash to tide through this difficult period.
It declared a dividend of 2.5 cents per share.
Hotel Royal today closed at 2.850 (-0.080), down 2.73%.
Specuvestor: Asset - Business - Structure.
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