Brief: Sprocomm Intelligence Updates on Coronavirus Impact co's Financial Results

Future Machine

17/02/2020 10:23

Feb 17 (Reuters) - Sprocomm Intelligence Ltd  1401.HK :
    * GROUP'S HEADQUARTER IS ACTIVELY PREPARING FOR BUSINESS
RESUMPTION
    * LUZHOU PLANT IS WAITING FOR APPROVAL FROM RELEVANT
GOVERNMENT
AUTHORITY TO RESUME PRODUCTION
    * SHENZHEN PLANT GRADUALLY RESUMING PRODUCTION AFTER 3
WEEKS'
PRODUCTION HALT
    * GROUP EXPECTS DELAY IN SUPPLY OF RAW MATERIALS FROM ITS
SUPPLIERS
    * EXPECTS SIGNIFICANT DROP IN GROUP'S PRODUCTION CAPACITY
    * LUZHOU PLANT IS WAITING FOR APPROVAL FROM RELEVANT
GOVERNMENT
AUTHORITY TO RESUME PRODUCTION
    * GROUP EXPECTS LATE DELIVERY OF PRODUCTS IN FIRST HALF OF
2020
    * IMPACT OF CORONAVIRUS MAY ADVERSELY AFFECT FINANCIAL
RESULTS OF
GROUP FOR SIX MONTHS

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 (Reuters.Briefs@thomsonreuters.com)