Brief: Genes Tech Says Fire Broke Out At A Premises Adjacent To A Warehouse Of Group

Genes Tech group Co

19/12/2022 15:14

Dec 19 (Reuters) - Genes Tech Group Holdings Co Ltd
 8257.HK :
    * FIRE BROKE OUT AT A PREMISES ADJACENT TO A WAREHOUSE OF
GROUP IN
EARLY MORNING ON DEC 18
    * NO EMPLOYEE OF GROUP WAS INJURED AND CAUSE OF INCIDENT IS
BEING
INVESTIGATED BY RELEVANT AUTHORITIES
    * AS RESULT OF FIRE, PRELIMINARILY ESTIMATED THAT MORE THAN
10% OF
GROUP'S INVENTORY WAS DAMAGED
    * DAMAGED INVENTORY CONSISTED OF MAINLY AGED AND LESS
COMMONLY
USED PARTS AND COMPONENTS
    * GROUP'S OPERATIONS ARE RUNNING NORMALLY
    * IS OF VIEW THAT INCIDENT SHOULD NOT HAVE A MATERIAL
ADVERSE
IMPACT ON GROUP'S OPERATIONS TAKEN AS A WHOLE

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