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GSH completes acquisition of Sutera Harbour Resort

Published on Mar 26, 2014 7:39 PM
 

Singapore-listed GSH Corporation has completed the acquisition of the Sutera Harbour Resort and its group of companies, it said on Wednesday.

It has also incorporated a unit in Singapore called MXIM Holdings, which is an investment holding company.

GSH also updated sharesholders of what balance proceeds from earmarked funds were used for.

This includes RM510 million (S$196.9 million) injected into The Sutera Harbour Group through The Sutera Harbour Group Capitalisation, for the Sutera Harbour Resorts group acquisition.