The document summarizes Hotel Royal Limited's proposed acquisition of The Coronade Hotel Kuala Lumpur and its business from Achi Jaya Properties Sdn. Bhd. for RM93 million. Some key details include:
1) The Coronade Hotel is a 4-star, 21-story hotel located in downtown Kuala Lumpur with 255 rooms.
2) The acquisition is conditional on government approvals, which must be obtained within 3 months or the period can be extended by 2 more months.
3) Completion of the acquisition will occur 3 months after all conditions are met.
4) The SGX confirmed shareholders' approval is not required for the acquisition.
The document summarizes Hotel Royal Limited's proposed acquisition of The Coronade Hotel Kuala Lumpur and its business from Achi Jaya Properties Sdn. Bhd. for RM93 million. Some key details …