TA Global unit to buy Trump Hotel for RM293.7mil

KUALA LUMPUR: TA Global Bhd's unit, Maxfine International Ltd, is proposing to acquire the Trump International Hotel and Tower in Canada for RM293.71mil, cash.

In a filing to Bursa Malaysia, the company said the purchase consideration would be funded by external borrowings and internally-generated funds. 

"The purposed acquisition is expected to bring synergy to the group and further enhance its hospitality in major cities around the world," it said.

Baring unforeseen circumstances, the company said the acquisition process would be completed in June 2016. 

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