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                    [ArticleID] => 380662
                    [Title] => Ayala sells 23% stake in S’pore firm
                    [Summary] => 



Ayala International Holdings Ltd. (AIHL) has sold its 23.3-percent interest in Hermill Investments Pte Ltd. to the Singapore-based Hotel Properties Ltd. (HPL) for $47 million (about P1.5 billion).                 


AIHL is a 100 percent-owned subsidiary of Ayala International Pte. Ltd. which, in turn, is a 100-percent-owned subsidiary of Ayala Corp.           


On the other hand, HPL currently owns 59 percent of Hermill, the holding company for The Forum Shopping Mall, a 17-story retail-cum-office development along Orchard Road in Singapore.          


                    [DatePublished] => 2007-01-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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ARCH ASIA PROPERTY FUND

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    [results] => Array
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            [0] => Array
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                    [ArticleID] => 380662
                    [Title] => Ayala sells 23% stake in S’pore firm
                    [Summary] => 



Ayala International Holdings Ltd. (AIHL) has sold its 23.3-percent interest in Hermill Investments Pte Ltd. to the Singapore-based Hotel Properties Ltd. (HPL) for $47 million (about P1.5 billion).                 


AIHL is a 100 percent-owned subsidiary of Ayala International Pte. Ltd. which, in turn, is a 100-percent-owned subsidiary of Ayala Corp.           


On the other hand, HPL currently owns 59 percent of Hermill, the holding company for The Forum Shopping Mall, a 17-story retail-cum-office development along Orchard Road in Singapore.          


                    [DatePublished] => 2007-01-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Ayala sells 23% stake in S’pore firm

By Zinnia B. Dela Peña | January 19, 2007 - 12:00am

Ayala International Holdings Ltd. (AIHL) has sold its 23.3-percent interest in Hermill Investments Pte Ltd. to the Singapore-based Hotel Properties Ltd. (HPL) for $47 million (about P1.5 billion). ...

Business