Brief: Grand Banks Yachts Sata Group's Manufacturing Yard In Pasir Gudang, Malaysia Will Be Closed

Grand Banks Yachts

19/03/2020 09:35

March 19 (Reuters) - Grand Banks Yachts Ltd  GBYL.SI :
    * GRAND BANKS YACHTS-  GROUP'S MANUFACTURING YARD IN PASIR
GUDANG,
MALAYSIA, WILL BE CLOSED IN COMPLIANCE WITH ORDER TO CONTAIN
SPREAD OF COVID-19
    * GRAND BANKS YACHTS LTD -  GROUP'S MANUFACTURING YARD IN
BERKELEY
VALE, SYDNEY, AUSTRALIA, WILL CONTINUE WITH OPERATIONS
    * GRAND BANKS YACHTS-REFERS TO 14-DAY MOVEMENT CONTROL ORDER
EFFECTIVE FROM 18 - 31 MARCH
    * GRAND BANKS YACHTS- GROUP WILL RESUME BUSINESS OPERATIONS
FULLY
AFTER EXPIRY OF PERIOD, SUBJECT TO ANY FURTHER DIRECTIVE FROM
GOVERNMENT OF MALAYSIA
    * GRAND BANKS YACHTS LTD -  TEMPORARY CESSATION OF
OPERATIONS IN
PASIR GUDANG IS NOT EXPECTED TO HAVE A MATERIAL IMPACT ON GROUP
FOR FY
    * GRAND BANKS YACHTS LTD-  AS OF 17 MARCH NONE OF 763
EMPLOYEES AT
PASIR GUDANG YARD HAVE BEEN INFECTED BY VIRUS.

Source text for Eikon:  ID:nSNZt15pv 
Further company coverage:  GBYL.SI 

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