Brief: Orient Victory China Holdings updates on temporary close of store due to fire Accident

Gangyu Smart Urban Services Holding

22/06/2017 14:02

June 22 (Reuters) - Orient Victory China Holdings Ltd 
 0265.HK  
    * Inside information temporary close of business of flagship 
store  
    * On 8 June, there was a fire accident on top of third floor 
of building, two floors above where co's jewelry store is 
situated 
    * Flagship store is temporarily closed for urgent repair and 
reopening date is yet to be confirmed 
    * According to defacement features of ceiling, urgent repair 
is estimated to complete in around one month 
    * Management of co considers that disruption caused by water 
leakage has no material effect on group's sales and operation 
    * Water leakage inflicted no material damage on group's 
products 
    * Impairment to store and equipment will be fully covered by 
responsible party. 
 
Source text for Eikon:  ID:nHKS7HFXjl  
Further company coverage:  0265.HK  
 
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