Brief: Hiap Hoe Updates On Impact Of Covid-19 Situation

Hiap Hoe

02/04/2020 11:17

April 2 (Reuters) - Hiap Hoe Ltd  HIAP.SI :
    * HIAP HOE LTD- UPDATES ON IMPACT OF COVID-19 SITUATION
    * HIAP HOE LTD-FULL EXTENT OF COVID-19 IMPACT ON COMPANY'S
FINANCIAL PERFORMANCE FOR HY2020 AND BEYOND CANNOT BE
ASCERTAINED AT THIS POINT
    * HIAP HOE LTD- COMPANY HAS SEEN A DROP IN OCCUPANCY RATES
FOR
GROUP'S HOTELS AND HAS WITNESSED WEAKER OPERATING PERFORMANCES
ACROSS ITS PORTFOLIO
    * HIAP HOE LTD- WILL CEASE ALL LEISURE BUSINESS OPERATIONS
UNTIL
30 APRIL 2020
    * HIAP HOE LTD - TO IMPLEMENT COST CONTAINMENT MEASURES
INCLUDING
TEMPORARY CLOSURE OF ROOMS & AMENITIES IN HOTELS & SHORTENING
EMPLOYEE WORK HOURS
    * HIAP HOE LTD- EXPECTS FINANCIAL PERFORMANCE IN HY2020 TO
BE
ADVERSELY IMPACTED AS COMPARED TO CORRESPONDING PERIOD LAST YEAR

Source text for Eikon:  ID:nSNZ1F2Dby 
Further company coverage:  HIAP.SI 

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