Sgx Stock Recommendations : Epic Research Singapore

HOTEL Properties Limited (HPL), whose founder Ong Beng Seng and Wheelock Properties on Tuesday morning raised their offer to S$4.05 a share, in a joint attempt to buy out HPL.

This is the second time the offer has been raised. It was improved to S$4 a share from S$3.50 previously. The second revision came after the buyers agreed to acquire 6.7 million HPL shares, representing 1.29 per cent, at S$4.05 each.

HPL's shares added 0.5 per cent to close at S$4.05 on Monday.

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