Langham Hospitality Investments Limited Decides Not to Distribute Total Income for the Six Months Ended 30 June 2020
August 07, 2020 at 12:03 am EDT
Langham Hospitality Investments Limited announced that, since the significant decline in the operating performance of the Trust Group's hotels amid the COVID-19 pandemic has led to a decrease in the Hotel's aggregate gross profit before deduction of the global marketing fee and in turn a decrease in the variable rental receivable by the Trust Group, the Board decided not to distribute any of the total distributable income for the six months ended 30
June 2020.