OTHERS Plenitude Berhad ("Plenitude" or the "Company") Closure and Downsizing of Hotel Business Operations
PLENITUDE BERHAD |
Type | Announcement |
Subject | OTHERS |
Description | Plenitude Berhad ("Plenitude" or the "Company") Closure and Downsizing of Hotel Business Operations |
The Board of Directors of Plenitude hereby announces that the Company will be closing operations of three hotels namely, Mercure Penang Beach, Penang, The Gurney Resort Hotel and Residences, Penang and Travelodge Ipoh, and downsizing operations in the other hotels owned by the Company. This decision is a direct result of the Covid-19 pandemic which has severely impacted the Company’s hospitality businesses. With domestic and worldwide travel restrictions, the Company’s hotels have suffered significant decrease of business and the Company has no alternative but to downsize its business and operations. This will take immediate effect from today. The Company’s management is closely monitoring the situation and taking all necessary precautions to ensure safety of guests and staff. This announcement is dated 27 April 2020. |
Announcement Info
Company Name | PLENITUDE BERHAD |
Stock Name | PLENITU |
Date Announced | 27 Apr 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-27042020-00015 |