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Offer price for Hotel Properties raised

The group making a takeover bid for Hotel Properties Ltd (HPL) -- the owner of the Hilton and Four Seasons hotels in Singapore -- has raised its offer price to S$4.00 a share.

SINGAPORE: The group making a takeover bid for Hotel Properties Ltd (HPL) -- the owner of the Hilton and Four Seasons hotels in Singapore -- has raised its offer price to S$4.00 a share.

The group, whose members include tycoon Ong Beng Seng and Wheelock Properties, had originally offered to purchase shares in HPL that they did not already own for S$3.50 a share.

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