Brief: Luxking Group Gets Approval To Resume Operations Of Its Factory

Luxking group

10/02/2020 14:46

Feb 10 (Reuters) - Luxking Group Holdings Ltd  LUKG.SI :
    * GROUP HAS APPLIED TO XIAOLAN TOWN GOVERNMENT OF PRC AND
HAS
RECEIVED APPROVAL TO RESUME OPERATIONS OF ITS FACTORY TODAY, 10
FEB
    * GROUP HAS TO ABIDE BY CONDITION THAT ONLY MAXIMUM OF 250
EMPLOYEES WILL ALLOWED DURING RESTARTING OF FACTORY
    * SOME EMPLOYEES WHO LEFT ZHONGSHAN FOR CHINESE NEW YEAR
HOLIDAYS,
NOT ABLE TO RETURN TO ZHONGSHAN FACTORY AT PRESENT
    * UPDATES IMPACT ON ITS BUSINESS IN CHINA DUE TO RECENT
NOVEL
CORONAVIRUS PNEUMONIA  OUTBREAK
    * THERE MAY BE NEGATIVE IMPACT ON GROUP'S PERFORMANCE FOR
FY2020
GIVEN THE SITUATION RELATING TO SPREAD OF NOVEL CORONAVIRUS
    * MOST OF CO'S DOMESTIC CUSTOMERS & SUPPLIERS HAVE NOT
RESUMED
OPERATIONS RESULTING IN LESS IMMEDIATE NEW ORDERS

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Further company coverage:  LUKG.SI 

 (Reuters.Briefs@thomsonreuters.com)