Brief: Design Capital Notfies Of Fire Incident At Point Of Sale At 16 Tai Seng Street, Singapore

Design Capital

30/06/2020 15:27

June 30 (Reuters) - Design Capital Ltd  1545.HK :
    * FIRE INCIDENT AT POINT OF SALE LOCATED AT 16 TAI SENG
STREET,
SINGAPORE
    * ON 28 JUNE 2020, THERE WAS A SHORT CIRCUIT AT ELECTRICAL
SWITCH
BOARD AT POINT OF SALE AT 16 TAI SENG STREET, SINGAPORE
    * EXPECTS SHOWROOM TO RESUME OPERATIONS WITHIN NEXT FEW DAYS
    * SMALL PORTION OF SHOWROOM AND SOME FURNITURE STOCK WERE
DAMAGED
BY WATER FROM SPRINKLER SYSTEM
    * INITIAL ASSESSMENT IS THAT ELECTRICAL FIRE DID NOT DAMAGE
ANY
OTHER ITEM INCLUDING STRUCTURE OF BUILDING
    * BOARD BELIEVES INCIDENT WILL NOT CAUSE ANY MATERIAL
ADVERSE
IMPACT ON OVERALL FINANCIAL POSITION OF GROUP

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS36Z9th
Further company coverage:  1545.HK 

 (Reuters.Briefs@thomsonreuters.com)