M+S is a 60:40 joint venture between sovereign wealth funds Khazanah Nasional Bhd of Malaysia and Temasek Holdings of Singapore.
SINGAPORE: M+S Pte Ltd has agreed to the sale of all the shares of its wholly owned subsidiary, Ophir-Rochor Hotel Pte Ltd (ORH), to Hoi Hup Realty Pte Ltd for a sale consideration of S$475mil (RM1.4bil), or S$1.39mil per key.
ORH is the developer and owner of the five-star luxury lifestyle hotel, Andaz Singapore, in the city-state.
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