Business Times: Wed, Jun 27
TUAN Sing Holdings - which has a 50 per cent stake in two Australian hotels - is looking to spread its wings in the hotel sector in Australia and beyond.
"We're open to acquisitions of existing hotels as well as developing new ones," Tuan Sing CEO William Liem told BT in an interview. Besides eyeing expansion Down Under, the group is looking at this sector in Singapore, China and possibly Indonesia.
And to grow its size and transform itself into what Mr Liem calls "a real property developer", Tuan Sing - which already has property projects in Singapore and China - is also eyeing real estate development and investment opportunities in the residential, retail and office sectors not just in these two countries but in Indonesia as well.
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