Tuan Sing Holdings Limited (SG:T24) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Tuan Sing Holdings Limited has announced the mutual termination of its Hotel Management Agreements with Hyatt for the Hyatt Regency Perth Hotel, effective 31 August 2024. The hotel will undergo rebranding and repositioning post-termination, with associated costs of S$2.0 million expected to slightly decrease the Group’s earnings per share. These costs are not anticipated to materially affect the Group’s net tangible assets per share.
For further insights into SG:T24 stock, check out TipRanks’ Stock Analysis page.