HPL's embattled billionaire Ong Beng Seng. — Reuters
SINGAPORE: The property firm of embattled billionaire Ong Beng Seng is looking to reduce its stakes in two marquee assets along Singapore’s Orchard Road shopping strip, according to people familiar with the matter.
Hotel Properties Ltd or HPL is in talks to sell majority stakes in the Forum shopping mall, as well as the voco Orchard hotel, according to the people, who asked not to be identified discussing private matters.
