FORMER GLORY
DOUBLE ISLAND
Firstly, please trust that, as an investor, we certainly hope to do well in operation and we can get a return from the investment.
However, there are many complicated issues which have caused us (to be) unable to achieve our original intention till today.
Those issues are beyond our expectation and out of our control, though we have made efforts all the time.
As some issues involved several third parties, it is not convenient to disclose here.
We felt very sorry for that and hope you may understand it.
We must say that we are actually a direct victim sufferer, we have done what we can to take care and do maintenance work for Double Island and so far we have spent more than $10 million (including the purchase) in total for the past several years.
Even so, we have never thought about giving up and (are) continuing to work hard to maintain (the island) and get all issues solved. We are waiting for the opportunity and try ... to realise our original intention to develop the island into a resort as soon as possible.
PROPERTY NEXT TO
ACACIA COURT
As required by FIRB (the Foreign Investment Review Board) prior to the development of this property, all the buildings must be demolished.
For the past several years, we have rectified some unsafe issues and have arranged our people to do cleaning work frequently.
We thank you very much for your reminding us about other issues found.
We will arrange people to fix it within the coming weeks. 25 SPENCE ST (FORMER CASBAH AND MAD COW NIGHTCLUB)