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E28 - Frencken News Story

S$1.59 0.1  4.6%

Last Trade - 10:13am

Sector
Industrials
Size
Mid Cap
Market Cap £368.5m
Enterprise Value £319.6m
Revenue £336.9m
Position in Universe 1571st / 6086

BRIEF-Frencken Group Says Closed All Factories In Malaysia To Adhere To Directive From Malaysia Government

Fri 20th March, 2020 9:59am
March 20 (Reuters) - Frencken Group Ltd  FREN.SI :
    * GROUP'S FIVE FACTORIES IN CHINA HAVE RESUMED NORMAL
OPERATIONS
    * IN CHINA, GROUP'S FIVE FACTORIES IN WUXI, CHUZHOU, TIANJIN
AND
ZHUHAI (JINDING AND NANSHUI), HAVE RESUMED NORMAL OPERATIONS
    * NORMAL OPERATIONS ARE ALSO CONTINUING AT GROUP'S FACTORIES
IN
NETHERLANDS, USA, SWITZERLAND, SINGAPORE, INDIA AND THAILAND
    * IN CHINA, GROUP'S FIVE FACTORIES IN WUXI, CHUZHOU, TIANJIN
AND
ZHUHAI (JINDING AND NANSHUI), RESUMED NORMAL OPERATIONS
    * DOES NOT FORESEE MOVEMENT CONTROL ORDER TO HAVE AN IMPACT
ON ITS
SINGAPORE MANUFACTURING OPERATIONS
    * TEMPORARILY CLOSED ALL ITS FACTORIES IN MALAYSIA TO ADHERE
TO
DIRECTIVE FROM GOVERNMENT OF MALAYSIA
    * NORMAL OPERATIONS ARE ALSO CONTINUING AT GROUP'S FACTORIES
IN
NETHERLANDS, USA, SWITZERLAND, SINGAPORE, INDIA AND THAILAND.
    * TEMPORARY CLOSURE OF FACTORIES IN MALAYSIA FOR TWO WEEKS
IS NOT
EXPECTED TO AFFECT GROUP'S CUSTOMERS IN OTHER MARKETS
    * IN SINGAPORE GROUP ARRANGED ACCOMMODATION FOR MALAYSIAN
EMPLOYEES WHO WORK AT CHANGI FACTORY FROM 18 MARCH TO 31 MARCH

Source text for Eikon:  ID:nSN4BWZJz 
Further company coverage:  FREN.SI 

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