Genting no longer in talks to build hotel at Sports Hub

Genting International has said it is no longer in talks with the Singapore Sports Hub Consortium to build a hotel in the Singapore Sports Hub.

In a statement to the Singapore Exchange (SGX), Genting said the Singapore Sports Council has decided not to have a hotel in the hub “at this point in time”.

Genting added that the subject matter of this announcement is not expected to have any material impact on the consolidated net tangible assets and earnings per share of the company for the financial year ending 31 December 2008.

It was reported earlier this year that the Singapore Sports Hub Consortium was in talks with Genting International to build a hotel at the new National Stadium and Sports Hub in Kallang. – CNA/ir

Source : Channel NewsAsia – 29 Apr 2008

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