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TA Global climbs 2.67% on possibility of new hotel buys
by Cals Fri 12 Sep 2014, 17:25
| TA Global climbs 2.67% on possibility of new hotel buys |
| Business & Markets 2014 |
| Written by Charlotte Chong of theedgemalaysia.com |
| Friday, 12 September 2014 15:25 KUALA LUMPUR (Sept 12): TA Global Bhd has climbed 2.67% to 38.5 sen, following news that the property firm is open to options to acquire more hotels, after getting shareholders’ consent to buy the rest of Trump International Hotel in Vancouver, Canada. At 2:41pm, the counter has climbed 2.67% or 1 sen to 38.5 sen, after rising to as high as 39 sen earlier. Some 4.83 million shares changed hands. TA Global executive director Kimmy Khoo Poh Kim said yesterday, that future hotel acquisitions would depend on the price and location. TA Global is the 63.08%-owned property arm of stockbroking business TA Enterprise Bhd. “If there is an opportunity, and the price and terms are right, we are open to it,” Khoo told reporters after the company’s annual general meeting yesterday. During the meeting, 99.94% of TA Global shareholders voted in favour of its proposal to acquire Trump International for C$100 million (RM290.7 million). |
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