Cyclone Debbie damages Mulpha’s Australian resort

PETALING JAYA: Mulpha International Bhd said its hotel resort and development property, One&Only Hayman Island on the Great Barrier Reef in Australia, has incurred significant damage on March 28 due to Cyclone Debbie.
In a filing with Bursa Malaysia last Friday, it said that the property suffered wind and water damage during the incident.
"The full extent of the damage will be assessed in the coming weeks once an expert project team has arrived on the island and inspected the property," it said.
The resort will be closed while reinstatement works are undertaken with the final timing of its re-opening to be confirmed once the extent of damage and rectification are clearly known.
The property is covered under a property insurance policy subject to a deductible of up to A$10 million as well as business interruption cover to protect the impact on trading results for a period of up to 24 months.
The company confirmed that all guests and staff on the island are safe with no injuries sustained and all guests have been evacuated from the island by private charter.