Berjaya Land breaks ground on Four Seasons Okinawa
The upcoming Four Seasons Okinawa is located along the Sunset Strip, the western coast of the island.
The upcoming Four Seasons Okinawa is located along the Sunset Strip, the western coast of the island.
The net loss in the quarter was mainly due to its subsidiary HR Owen plc reporting a loss, which is attributed to lower revenue coupled with higher operating expenses incurred due to inflationary pressure and the higher depreciation following the completion and full operation of Hatfield Center.
Sources said other technical members of the consortium include Japan’s Hitachi Rail STS, which specialises in providing signalling systems, Hyundai Rotem Co, a South Korean company that manufactures rolling stock, and German rail operator Deutsche Bahn AG’s unit DB Engineering & Consulting GmbH.
Notably, BLand shares touched a three-year high, surging as much as 9.
The consortium led by BRail submitted the request for information (RFI) concept proposal for the project shortly before the submission deadline, according to sources.
The marginally higher revenue was thanks to STM Lottery's better topline, higher occupancy and room rates reported by its hotels division, and the disposal of land coupled with higher revenue from construction activities by its property development and investment division, which offset lower revenue reported by HR Owen.
Spanning 32 acres, Four Seasons Okinawa has an estimated gross development value of US$1.
The group said the consortium is led by Tokyo Star Bank Ltd and co-led by Okinawa Development Finance Corporation (ODFC) and Bank of The Ryukus.
The Berjaya companies did not receive the necessary approvals following a change in the Selangor government after the 2008 general election.
BLand said its public shareholding spread stood at 20.