HOTEL ROYAL LIMITEDSale and Purchase Agreement • March 12th, 2019
The Board of Directors (the “Board”) of Hotel Royal Limited (the “Company”, and together with its subsidiaries, the “Group”) refers to the Company’s announcement dated 19 and 23 February 2019 in relation to the offer made by the Company to Boustead Hotels & Resorts Sdn Bhd (the “Vendor”) for the proposed acquisition of Royale Chulan Bukit Bintang Hotel in Kuala Lumpur, Malaysia (“Property”) and its business (“Hotel Business”), which was accepted by the Vendor on 19 February 2019 (the “Announcement”).