Brief: Elife Holdings Says Business Ops In PRC Affected Due To Coronavirus

Elife Holdings

04/03/2020 11:41

March 4 (Reuters) - Elife Holdings Ltd  0223.HK :
    * DUE TO OUTBREAK OF NOVEL CORONAVIRUS GROUP'S BUSINESS
OPERATIONS
IN PRC HAS BEEN AFFECTED
    * IMPLEMENTED REDUCTION IN SALARIES OF ALL DIRECTORS AND
CERTAIN
SENIOR MANAGEMENT OF GROUP IN RANGE 22% TO 50% FROM FEBRUARY
    * PROPOSED MEASURES TO LOWER OPERATING COST AND STREAMLINE
WORKFORCE
    * EXPECTED THAT DIFFICULTIES AND CHALLENGES IN BUSINESS
ENVIRONMENT WITH GROUP WILL CONTINUE FOR A PERIOD OF TIME

Source text for Eikon:  ID:nHKS7g6cr5 
Further company coverage:  0223.HK 

 ((Reuters.Briefs@thomsonreuters.com;))