Brief: New Wave Holdings Applies To MTI For Exemption Of Unit From Suspension

New Wave Holdings

14/04/2020 11:33

April 14 (Reuters) - New Wave Holdings Ltd  NEWW.SI :
    * APPLIED TO MINISTRY OF TRADE & INDUSTRY SINGAPORE FOR
EXEMPTION
OF UNIT FROM SUSPENSION OF WORKPLACE ACTIVITIES; MTI HAS
APPROVED
    * MANUFACTURING NETWORK PTE MAY CONTINUE WITH OPERATIONS IN
A
LIMITED CAPACITY SUPPLYING TO ESSENTIAL SERVICES DURING CB
PERIOD
    * UNSURE OF PERFORMANCE IN PRC SEGMENT GOING FORWARD, AS
BUSINESS
ENVIRONMENT IMPACTED ADVERSELY DUE TO SPREAD OF COVID-19
    * APPLIED TO RELEVANT AUTHORITIES IN MALAYSIA FOR EXEMPTION
FROM
SUSPENSION OF OPERATIONS & CLOSURE OF ALL BUSINESS PREMISES IN
MALAYSIA
    * BUSINESS PREMISES IN MALAYSIA REMAIN CLOSED

Source text for Eikon:  ID:nSNZ2mSgpz 
Further company coverage:  NEWW.SI 

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