Brief: CFM Holdings Says Unit's Application To Resume Its Operation In Malaysia Approved
17/04/2020 13:13
April 17 (Reuters) - CFM Holdings Ltd CFMH.SI :
* MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY APPROVED
UNIT'S
APPLICATION TO RESUME ITS OPERATION IN MALAYSIA
* APPORVAL MANDATES REDUCTION OF NUMBER OF EMPLOYEES TO
MINIMUM
LEVEL OR AT LEAST 50% OF CURRENT MANPOWER OR REGISTERED AMOUNT
* COVID-19 PANDEMIC MAY POTENTIALLY IMPAIR GROUP'S EARNINGS
CAPACITY & PROFITABILITY & ABILITY TO SECURE NEW SALES IN NEXT
12 MONTHS
* EARNINGS PER SHARE FOR CURRENT FY MIGHT BE NEGATIVELY
IMPACTED
ARISING FROM MALAYSIAN MOVEMENT CONTROL ORDER
Source text for Eikon: urn:newsml:reuters.com:*:nSN5zCkh4
Further company coverage: CFMH.SI
((Reuters.Briefs@thomsonreuters.com;))
Recent news on CFM Holdings
See all newsBrief: CFM Holdings Sees Loss After Tax For HY2026
Brief: CFM Holdings Expects To Record Loss After Tax For FY
Brief: CFM Holdings Proposed Disposal Of Property At Ang Mo Kio Street
Brief: CFM Holdings Expects To Record A Lower Profit After Tax For HY2025
Newscasts - Europe Today: Business sentiment in the UK plunged at the fastest rate in two years