Brief: New Wave Holdings Gets Approval To Re-Commence Ops In Malaysia

New Wave Holdings

27/04/2020 16:01

April 27 (Reuters) - New Wave Holdings Ltd  NEWW.SI :
    * GETS APPROVAL FROM MALAYSIA'S MINISTRY OF INTERNATIONAL
TRADE
AND INDUSTRY TO RE-COMMENCE OPERATIONS IN MALAYSIA
    * ESTIMATE THAT REVENUE FROM MALAYSIAN UNITS FOR REST OF MCO
PERIOD WILL BE AT ABOUT 30% OF PRE-MCO LEVEL
    * FOR FY ENDING 31 MARCH 2021, ANTICIPATING SLOWER
COLLECTION OF
OUTSTANDING TRADE RECEIVABLES THAN FY20
    * FOR FY ENDING 31 MARCH 2021, ANTICIPATING POTENTIALLY
DEFAULTS
OF PAYMENT FROM SMALLER BUSINESSES

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Further company coverage:  NEWW.SI 

 (Reuters.Briefs@thomsonreuters.com)