Travellers Int’l’s stock price drops after RWM shooting, fire incident
June 2, 2017 Share
MANILA, June 2 –Stock prices of listed firm Travellers International Hotel Group, Inc., the owner and operator of Resorts World Manila, dropped by 8.82 percent on Friday afternoon trade.
This is after the shooting and fire incident that struck the hotel early Friday afternoon.
Latest trade price of the company at the Philippine Stock Exchange fell to PHP3.10 apiece, lower by PHP0.30 from Thursday’s finish of PHP3.40 per share.
Its opening stock price slipped to PHP3.30 apiece.
“This is a sad day for Resorts World Manila. At approximately 12 midnight on June 2, 2017, a lone gunman barged into Resorts World Manila firing shots and setting game tables on fire,” the company said in a disclosure.
The company and the Philippine National Police launched a hot pursuit around 7 a.m.
The gunman was found dead as he took his own life by setting himself on fire followed by a self-inflicted gunshot wound.
“As of this time the company has extended medical assistance to the 54 individuals who were taken to nearby hospitals,” it said.
There were also several casualties reported.
“Our security team and Bureau of Fire Protection are currently conducting search and rescue operations on all floors,” the company said.
“This cowardly act of a deranged mind will not defeat the spirit on which Resorts World Manila was built. With your prayers, we will overcome this tragedy,” it added. (Kris M. Crismundo/PNA)