TA Enterprise acquiring the Westin Melbourne five-star hotel
Posted on December 16, 2008
Filed Under TA (4898) | Leave a Comment
Stockbroker and property developer TA Enterprise Bhd (4898) is acquiring a five-stars hotel , The Westin Melbourne in Australia for RM389.12mil from RPHT Pty Ltd and RPHT Operations Pty Ltd.The book value of The Westin Melbourne in Australia was estimated A$137.41mil as at June 30, 2008.
I believed below is the The Westin Melbourne in Australia’s website
http://www.westin.com.au/melbourne/
TA Enterprise Bhd (4898) decision is really impress me, how can a company spent so much money to buy a new company during this critical time (Global recession). It’s seem TA Enterprise Bhd (4898) has very strong cashflow and great vision. I will keep this stock in my stock watchlist for future investment.
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