October 23, 2017 4:26 AM ET

Hotels, Restaurants and Leisure

Company Overview of Global Premium Hotels Limited

Company Overview

Global Premium Hotels Limited, an investment holding company, develops and operates hotels in Singapore. It operates a chain of 24 hotels, including 21 hotels under the Fragrance brand, 2 hotels under the Parc Sovereign brand, and 1 hotel under the Klapstar brand. The company provides economy-tier and mid-tier class of accommodation with 1,975 rooms. It also develops properties. The company was incorporated in 2011 and is based in Singapore.

No. 25-01, Fragrance Empire Building

456 Alexandra Road

Singapore,  119962

Singapore

Founded in 2011

Phone:

65 6348 7888

Fax:

65 6345 5951

Key Executives for Global Premium Hotels Limited

Deputy Chairman & Chief Executive Officer
Chief Financial Officer
Age: 40
COO & Executive Director
Company Secretary
Vice President of Human Resources
Age: 43
Compensation as of Fiscal Year 2017.

Global Premium Hotels Limited Key Developments

Global Premium Hotels To Be Delisted From SGX-ST

Global Premium Hotels Limited announced that the compulsory acquisition was completed on 1 June 2017. Accordingly, the company has become a wholly-owned subsidiary of the JK Global Capital Pte. Ltd. (Offeror). The Board announced that with the completion of the compulsory acquisition, the Company will be delisted from the Official List of the Singapore Exchange Securities Trading Limited (SGX-ST) with effect from 9.00 a.m. on 5 June 2017.

Global Premium Hotels Limited Reports Unaudited Consolidated Earnings Results for the First Quarter Ended 31 March, 2017

Global Premium Hotels Limited reported unaudited consolidated earnings results for the first quarter ended 31 March, 2017. For the quarter, revenue was SGD 13,990,000 against SGD 14,549,000 a year ago. Profit before income tax was SGD 3,970,000 against SGD 4,135,000 a year ago. Profit for the period was SGD 3,194,000 against SGD 3,359,000 a year ago. Net cash from operating activities was SGD 2,905,000 against SGD 7,434,000 a year ago. Purchase of property, plant and equipment was SGD 1,163,000 against SGD 437,000 a year ago. Earnings per share on fully diluted basis were 0.30 cents against 0.32 cents a year ago.

Global Premium Hotels Limited to Report Q1, 2017 Results on May 08, 2017

Global Premium Hotels Limited announced that they will report Q1, 2017 results After-Market on May 08, 2017

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 23, 2017
--
Merger/Acquisition
November 8, 2016
Clarion Hotel City Park Grand
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