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Hotel Properties Limited ( (SG:H15) ) has shared an update.
Hotel Properties Limited announced that its Managing Director, Mr. Ong Beng Seng, intends to plead guilty to one charge under Singapore’s Penal Code, with another charge to be considered during sentencing. Despite these legal proceedings, the Nominating Committee has deemed Mr. Ong suitable to continue his role, although they will reassess his position as necessary. The company advises shareholders and potential investors to exercise caution and stay informed on further developments.
More about Hotel Properties Limited
Hotel Properties Limited operates in the hospitality industry, focusing on the development and management of hotels and resorts. The company is known for its luxury accommodations and has a significant presence in the Asia-Pacific region.
YTD Price Performance: 0.84%
Average Trading Volume: 12,360
Technical Sentiment Consensus Rating: Sell
Current Market Cap: S$1.89B
Find detailed analytics on H15 stock on TipRanks’ Stock Analysis page.