Thursday, 15 Jul 2021 06:24 PM MYT
“Today, we own a hotel, we also run it under Berjaya’s brand, but over time, that could no longer exist, where we will just become purely owner, like what we have done with Four Seasons Hotel in Kyoto, Japan, where we own the property, but we get an international, expert operator to run it. “We like Japan, it is a good hospitality market for us, and from our experience, we learn that if we want to do hospitality business which involves issues like building and land, we want to do it in a developed country with the right regulatory structure, legal infrastructure, and rule of laws,” he said.
On the group’s three-year strategic plan to reduce its debt to RM2.5 billion from RM5 billion at present, Abdul Jalil said the group would continue selling its non-core assets and would not acquire any assets for now.
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