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Roxy-Pacific Holdings To Acquire A Land Parcel In Jakarta
Daily Bulletin | 23 June 2015
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Roxy-Pacific Holdings’ wholly-owned subsidiary, Roxy Jakarta Hotels have entered into an agreement to acquire a 49 percent interest in a land parcel located at Jalan Kramat Raya No. 110, Kecamatan Senen, Indonesia for a purchase consideration of Rp33.4b.

A joint venture company will be set up to develop and own a hotel on the land.

Roxy-Pacific Hldgs  0.375 -- --   
Business: Co invests in, develops, and sells residential and commercial, and hospitality properties. [FY18 Turnover] Property development (56.5%), hotel ownership (37.6%), property investment (5.9%).

Insight: Feb-19, FY18 revenue fell 46.2% to $132.9m due to ... Read More


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