Mainboard-listed Straits Trading Company said it’s reorganising its hospitality assets under one unit.
It has set up a wholly-owned subsidiary called Rendezvous Hospitality Group, or RHG, which will own hospitality assets in excess of S$300 million.
These include 13 hotels currently under management and four additional properties under development.
It has appointed Iqbal Jumabhoy as the CEO of this new unit.
He will be responsible for driving growth plans and expanding RHG’s footprint beyond its current Australia and New Zealand base. Continue reading
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