HK's food retailer Best Mart falls; co says majority stores damaged in protests

Best Mart 360 Holdings

17/10/2019 07:20

** Shares of Best Mart 360 Holdings Ltd  2360.HK  fall as
much as 2.9% to HK$2.01, after the leisure food retail chain
operator says more than half of its stores in Hong Kong were
damaged in protests
    ** Stock on track to end two straight sessions of gains
    ** Best Mart, which operated 89 stores at end-March 2019,
says a number of its "Best Mart 360°" retail stores suffered
from attacks and damages of different degree in the recent
social movement in Hong Kong, and a total 59 stores were damaged
as on Oct 13  urn:newsml:reuters.com:*:nFWN271095
    ** Co says the firm may be required to bear the economic
losses in the event that its insurer refuses to compensate or
inadequately compensates its claims 
    ** Co says the Hong Kong social movement has adversely
affected its normal business operation, and may affect its
financial performance 
    ** The Hong Kong benchmark index  .HSI  gains 0.4%

 ((Reuters Messaging:
donny.kwok.thomsonreuters.com@reuters.net))