General Announcement::Statement from Banyan Tree Hotels & Resorts

Issuer & Securities

Issuer/ Manager
BANYAN TREE HOLDINGS LIMITED
Securities
BANYAN TREE HOLDINGS LIMITED - SG1T49930665 - B58
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
14-Feb-2025 18:47:56
Status
New
Announcement Sub Title
Statement from Banyan Tree Hotels & Resorts
Announcement Reference
SG250214OTHRC1QY
Submitted By (Co./ Ind. Name)
Tan Min Hai Edmund
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
We refer to the media reports regarding a fire incident that occurred earlier today at the construction site of the upcoming hotel in Busan, South Korea. The fire, which started at approximately 10:50 AM, has been extinguished.

The hotel is owned and developed by a non-related and independent South Korean company. Banyan Tree Hotels & Resorts has been appointed by the owning company to manage the property once construction is completed and the hotel is ready to open. At this time, the hotel is still under construction and has not yet being handed over to us for management.

We are supporting the hotel owning company as they work closely with the construction firm and local authorities to gather more information and manage the situation. Our hotel pre-opening management team was not situated on-site at the time of the incident and remains safe. We will continue to support and assist the hotel owning company where possible.

Our thoughts are with the affected construction workers and their families during this difficult time. We will work with the hotel owning company to provide updates as more details become available.