What is the exact amount of the reported loss on the proposed hotel sale?

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Prime Minister Orders Full Report on Felda Hotel Sale Amidst Significant Reported Loss

Prime Minister Datuk Seri Anwar Ibrahim has ordered the management of the Federal Land Development Authority (Felda) to provide a comprehensive report concerning the proposed sale of a Felda-owned hotel. This directive comes after the Prime Minister discovered the hotel was slated for sale at a price significantly lower than its original purchase price, resulting in a substantial reported loss.
Proposed Sale Price Disclosed

The hotel was reportedly set to be sold for £100 million, which converts to RM550 million. This figure represents the proposed transaction value that was presented for approval.
Original Purchase Price Revealed

In contrast to the proposed sale price, the hotel was initially acquired by the previous Felda management for a sum of £160 million. This historical purchase price indicates a considerable difference when compared to the current proposed divestment value.
Significant Financial Discrepancy Identified

The difference between the original purchase price and the proposed sale price amounts to a reported loss of RM330 million. The Prime Minister expressed regret over this potential loss, especially considering the financial challenges faced by Felda settlers.

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What is the exact amount of the reported loss on the proposed hotel sale?

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