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BIL International Bids for UK License

16 August 2005

SINGAPORE – As reported by Reuters: "Singapore investment firm BIL International, subject of a takeover bid by Hong Kong's Guoco Group, said it planned to pay investors a higher dividend for 2005 and would apply for casino licences in Britain.

"The owner of London's Thistle Hotels group reported a 39 per cent jump in year to June net profit to US$86.9 million ($124.44 million), boosted by gains from the sale of six hotels and the disposal of other foreign investments.

"The company, which operates 20 London hotels under the Thistle brand, said the July bomb attacks on the city's public transport would have a short-term negative impact on trading.

"…It also said it had applied for casino licences in Britain, but said the licencing process had yet to be completed…"

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