“The agreement is the second-largest hotel transaction on record in New Zealand this year,” Invest New Zealand, the government agency dedicated to facilitating foreign direct investment, announced on Tuesday.
The buyer of the five-star Thistle Johor Bahru is YTL Hotels & Properties, a subsidiary of YTL Corporation Bhd (KL:YTL), said GuocoLand in a Singapore Exchange filing on Monday.
YTL Hospitality REIT (KL:YTLREIT), in which YTL Corp owns a direct 55% and indirect 3.
The rejuvenation project of the 1,583 sq ft single-storey detached house, which was formerly used as a shelter for the underserved community, took 18 months to complete and costs RM275,000 to build.
SGX's regulator, Singapore Exchange Securities Trading Ltd, granted the extension and allowed NSL shares to trade on the bourse in the meantime, according to the conglomerate's filing on Bursa Malaysia on Wednesday.
The research house also said YTL Power's power usage effectiveness at 1.
During the quarter under review, YTL Power’s power generation business recorded a 27.
As for its property investment and development segment, YTL Corp is optimistic of achieving an overall satisfactory performance for FY2025.
The REIT reported a 14.
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