REAL ESTATE
Huge Development Reported for Taiwan: JTL International Corp. said it will build a $740-million, 790-acre resort in Taitung, about 150 miles southeast of Taipei, according to Associated Press. The resort will include a theme park, an arts center, a golf course and at least one hotel and shopping mall, AP said. It said JTL is based in Los Angeles and quoted JTL President Daniel Yee as saying that the project will involve Taiwanese, Japanese and American investors. However, no listing for JTL International was found in the Los Angeles telephone book, and several Asians in the city’s financial circles said they have not heard of the company or its president.
For the record:
12:00 a.m. Aug. 23, 1993 For the Record
Los Angeles Times Monday August 23, 1993 Home Edition Business Part D Page 2 Column 1 Financial Desk 2 inches; 44 words Type of Material: Correction
JTL Corp.--A business news brief in the July 17 editions inaccurately described JTL International Corp., a real estate development company that plans to build Taiwan’s largest resort. JTL is located in San Gabriel, is listed in the telephone directory and is known to members of the local financial community.
