HPL shares tumble with Ong Beng Seng caught up in Iswaran-linked CPIB probe

SINGAPORE — Shares of Hotel Properties Limited (HPL) sank when trading opened on Friday (July 14), hit by news that its managing director, co-founder and controlling shareholder, Ong Beng Seng, had been issued a notice of arrest by the Corrupt Practices Investigation Bureau (CPIB). The shares fell 21 cents, or 5.4 per cent, to $3.65 when the Singapore market opened....

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