Advance Synergy up 4.54% on plans to buy London hotel

TheEdge Mon, Dec 24, 2018 11:12am - 5 years View Original


KUALA LUMPUR (Dec 24): Shares in Kuching-based Advance Synergy Bhd rose 4.54% at mid-morning today after the group said it is buying Beaver Hotel in London, UK, for £10.25 million (RM55.63 million), which it expects will be able to provide a steady revenue income.

At 10.34am, Advance Synergy rose 0.5 sen to 11.5 sen with 28,000 shares traded.

It said the acquisition is also in line with its intention to have a greater presence in Europe and to further enhance its hospitality operations in major cities around the world.

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

ASB 0.110

Comments

Login to comment.