GLOBAL Premium Hotels, the hospitality arm of property company Fragrance Group, is eyeing a listing on the Singapore Exchange (SGX), having lodged its preliminary prospectus with the Monetary Authority of Singapore yesterday.
NEARLY seven months after it first gestured towards vague restructuring plans, Fragrance Group Ltd yesterday revealed details pertaining to the proposed spin-off and listing of its hotel business on the Singapore Exchange (SGX) mainboard.
THE Singapore Exchange (SGX) has flagged 'internal control weaknesses' at Fragrance Group that include those linked to vice as part of the regulator's scrutiny over its application to have its holding firm listed.
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