Khoo’s Estate Makes S$1.4 Billion Offer for Singapore Hotel Unit

  • Offer for Goodwood Park values the company at S$1.85 billion
  • Offeror collectively owns 99.67% including undertakings

An investment vehicle owned by the estate of late Singapore billionaire Khoo Teck Puat is making a S$1.4 billion ($1 billion) offer for shares in Goodwood Park Hotel Ltd. to allow investors to cash out from the closely held group.

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