Keong Hong Holdings to Dispose 20% Stake in Katong Holdings
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Keong Hong Holdings Limited has announced the proposed disposal of its 20% stake in Katong Holdings Pte Ltd for S$34.5 million. This strategic move aims to optimize its investment portfolio, with the net asset value of Katong Holdings reported at S$292.77 million. The disposal may impact the company's financial positioning and stakeholders. Keong Hong Holdings operates in the hospitality sector, owning stakes in properties like Hotel Indigo Singapore Katong and Holiday Inn Express Singapore Katong.
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