UOL Completes Disposal of Pan Pacific Tianjin Hotel

MT Newswires

03/31

UOL (SGX:U14) said its indirect subsidiary Tianjin UOL Xiwang Real Estate Development concluded the disposal of its Chinese hotel, Pan Pacific Tianjin, after receiving a balance of purchase price of 214.2 billion yuan, according to a Tuesday filing with the Singapore Exchange.

The company's hospitality arm, Pan Pacific Hotels, will continue to operate the 319-room hotel as under the same name, the filing noted.

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