Brief: KTL Global Says Covid-19 Outbreak Resulted In Significant Impact On Bluegas' Clients In PRC

KTL Global

29/04/2020 11:27

April 29 (Reuters) - KTL Global Ltd  KTLG.SI :
    * COVID-19 OUTBREAK RESULTED IN A SIGNIFICANT IMPACT ON
BLUEGAS'
CLIENTS IN PRC & ON BLUEGAS ITSELF
    * BLUEGAS SUSPENDED ITS BOP SERVICES TO ITS CLIENTS BASED IN
PRC
SINCE FEB 2020
    * GROUP IS OF VIEW THAT SUSPENSION OF BOP SERVICES IS
TEMPORARY IN
NATURE AND WILL NOT AFFECT GROUP IN LONG TERM
    * RECEIVED REQUESTS FROM CLIENTS TO DELAY BILLING &
PERFORMANCE OF
BOP SERVICES UNTIL THEIR BUSINESSES ARE READY TO FULLY OPERATE
    * BLUEGAS IS STILL IN DISCUSSIONS WITH ITS CLIENTS ON
TIMELINE FOR
RESUMPTION OF BOP SERVICES
    * BLUEGAS RECEIVED REQUESTS FROM CLIENTS TO DELAY BILLING
AND
PERFORMANCE OF BOP SERVICES UNTIL THEIR BUSINESSES ARE READY TO
OPERATE
    * GROUP OF VIEW THAT SUSPENSION OF BOP SERVICES TEMPORARY
AND WILL
NOT AFFECT GROUP'S BUSINESS SUSTAINABILITY IN LONG TERM

Source text for Eikon:  ID:nSN9Gby2J 
Further company coverage:  KTLG.SI 

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