Banyan Group says that Banyan Tree Hotels & Resorts has been appointed to manage the property once the construction is completed.
“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,” says the group in a bourse filing on Feb 14.
Shares in Banyan Group closed 0.5 cents higher or 1.493% up at 34 cents on Feb 14.
