Boustead Strengthens Property Division Via Acquisition of London Hotel
KUALA LUMPUR, July 24, 2014 – With a view to expanding its stable of properties beyond Malaysian shores, Boustead Holdings Berhad (BHB) today announced the proposed acquisition of Hyde Park Hotel situated in London, the United Kingdom. The total purchase consideration is RM138,975,000, equivalent to GBP25,500,000,which was reached on a willing-seller-willing-buyer basis. BHB has entered…