“Notwithstanding the above, the overall financial position of the Group remains healthy,” the company says.
Straco Corporation, which operates tourist attractions in China such as the Shanghai Ocean Aquarium, expects to report a loss for the full year ended Dec 31 2020, as the pandemic hurt its operations.
In addition, the company will take an impairment on the value of investment properties held by its subsidiary Straco Leisure, which holds the Singapore Flyer.
