SINGAPORE (July 17): Datapulse Technology yesterday said it has entered into a non-binding letter of intent with ICP Ltd to acquire MHI MY 1 Pte Ltd, a joint-venture company with an issued and paid-up share capital of S$1,500 (RM4,439.28), and which is in the business of hotel investment.
The Business Times report said the target subsidiary, through its wholly-owned Malaysian subsidiary, owns a mid-scale hotel in Kuala Lumpur, currently operating under the brand “Geo Hotel Kuala Lumpur” (pictured).
Upon the completion of a refurbishment programme, the hotel will debut as Travelodge Central Market, Kuala Lumpur.
This article first appeared in The Edge Financial Daily, on July 17, 2018.
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