Tuan Sing terminates management agreements for Hyatt Regency Perth

Quick Summary:

Earnings per share for the year will be reduced to 0.23 cent from 0.

Its indirect wholly owned subsidiary, HR Operations, inked a deed of termination and release with Hyatt’s subsidiaries to end the property’s existing management agreements.

While this is not expected to have a material impact on the pro-forma group’s net tangible assets for financial year 2023, earnings per share for the year will be reduced to 0.23 cent from 0.39 cent.

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Article Details

Category: EconomyBusiness

Markets: SingaporeAustralia

Topics: Hotel Hyatt-managed Property’s Cease Singapore Regency Sing Hyatt Tuan Perth Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-01 @ 09:24:42 (1 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 308 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 19 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 21433434

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