Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Nirwana has a Price Tag
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

Nirwana has a Price Tag

Singapore Trading Company Secures 70.5% Share of Le Meridien Nirwana Golf and Spa.


Bali News:
Click Image to Enlarge

(7/28/2007)

Indonesia's Finance Ministry has reportedly sold a 70.5% shared in PT Bali Nirwana Resort for Rp. 510.8 billion (approximately US$56.1 million). The partial purchase of the 100-hectare golf resort and 278-room hotel complex was at a price far below the US$169.23 million targeted by the State-owned PT Perusahaan Pengelola Asset (PTPAA); a price tied to a suspiciously over-inflated book value fueled by excessive initial borrowings to build the complex.

The successful bidder was E-Crips Trading Ltd of Singapore who managed to outbid the only other competitor Samtan Co from South Korea. Two other companies who had initially expressed interest in the property - Hanwa Securities of South Korea and Pink Sapphire Investment of Singapore failed to submit their bids before the July 25 deadline.

The sale price for the property also included a debt of US$35 million.

The property is managed under the brand Le Meridien Nirwana Golf and Spa.

Related Story

[Own a Share of Nirwana]


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

       

 
Plaga Wine
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
A Northern Approach to Bali
Governor to Issue Recommendation for Dwijendra International Airport in North Bali
(5/1/2016)
Solemen Fun Day at Waterbom Park
Solemen Dispenses Smiles and Fun Memories to Some of Baliís Most Downtrodden
(5/1/2016)
Saving the World, One Island at a Time
Lembongan Island Says No to Plastic on Earth Day 2016
(5/1/2016)
An Epitaph Written at Stones
Australian Teen Dies in Bali While Illegally Operating a Motorcycle
(5/1/2016)
Carmen Miranda: Hey, Thatís my Hat!
Balinese Village Build 2.5-Meter High Tower of Fruit as Offering to Monkeys at Alas Kedaton
(5/1/2016)
Be an Idol!
Open Mike Amateur Night for Aspiring Singers with the Bali Community Choir at The Onion, Sanur, Bali on Tuesday, May 17, 2016
(4/30/2016)
Sink and Win!
Emirates Airlines Sponsors Hole in One Extravaganza at Bali National Golf Resort
(4/30/2016)
Rise and Shine in Good Health
E-Series 2, 4 and 8-Kilomter Healthy Run at Pan Pacific Nirwana Bali Sunday, May 22, 2016
(4/30/2016)
Extended Education
Bali Begawan Foundation Provides Educational Opportunities to School Children from Papua
(4/30/2016)
Staying High and Dry
Bali Conduct Successful Test of Shoreline Tsunami Warning System
(4/30/2016)
New Man in Charge at Holiday Inn Resort Bali Benoa
Holiday Inn Resort Bali Benoa Names Franck Rodriguez General Manager
(4/30/2016)
Rules Apply
Tourism Ministry Clarifies Use and Validity of 30-Day Free Visa on Arrival Available to Citizens of 168 Countries
(4/30/2016)
All [News]!