Complete Property Market Updates of Singapore

May 1, 2008

Genting stops talks with Singapore Sports Hub consortium

Filed under: 1 — Propertymarketupdates @ 2:43 am

Genting International announced on Tuesday that it has discontinued discussions with Singapore Sports Hub Consortium in relation to the proposed construction of a hotel in the Singapore Sports Hub.

Its managing director Justin Tan Wah Joo said in a statement this was because the company has been informed that the Singapore Sports Council has decided not to have a hotel in the Singapore Sports Hub at this point of time.

‘The subject matter of this announcement is not expected to have any material impact on the consolidated net tangible assets and earnings per share of the company for the financial year ending Dec 31, 2008,’ he said.

Genting had announced the start of discussions on Jan 21 this year. — BERNAMA

Source : Business Times – 29 Apr 2008


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