Brief: Isoteam Announces Workplace Incident In Relation To Subsidiary

Isoteam

16/01/2023 10:12

Jan 16 (Reuters) - ISOteam Ltd  ISOT.SI :
    * WORKPLACE INCIDENT IN RELATION TO SUBSIDIARY
    * ACCIDENT TOOK PLACE AT WORKSITE OF CO'S UNIT ISOTEAM C&P
PTE LTD
    * INVESTIGATIONS CURRENTLY BEING CARRIED OUT BY SINGAPORE
POLICE
FORCE AND MINISTRY OF MANPOWER
    * WILL ASSIST AND CO-OPERATE FULLY WITH AUTHORITIES IN THEIR
INVESTIGATIONS
    * GROUP'S OTHER SUBSIDIARIES NOT AFFECTED BY MEASURES
    * DOES NOT EXPECT MEASURES TO HAVE A MATERIAL IMPACT ON
OPERATIONS
OF GROUP
    * ISOTEAM C&P ALSO INFORMED BY MOM THAT IT IS BARRED FROM
HIRING
NEW FOREIGN WORKERS FOR 3 MONTHS
    * CO DOES NOT EXPECT MEASURES TO HAVE MATERIAL IMPACT ON EPS
FOR
CURRENT FY ENDING 30 JUNE 2023
    * MOM ORDERED UNIT TO HALT ALL WORK-AT-HEIGHT ACTIVITIES AT
CONDOMINIUM, ANY OPERATIONS OF SUSPENDED SCAFFOLDS UNTIL CERTAIN
MEASURES BEEN TAKEN

Source text for Eikon:  ID:nSNbX49vM 
Further company coverage:  ISOT.SI