Philippine tycoon seeks up to US$125mil to expand hotel foray

MANILA: Edgar “Injap” Sia, who turned a chicken BBQ startup into one of the biggest Philippine restaurant chains, says his hotel venture is seeking to raise as much as US$125mil (RM550mil) this year to ramp up overseas expansion.

Hotel 101 Global Pte Ltd runs a hotel in Manila and has 10 others in various stages of development in the Philippines.

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