Brief: New Wave Says Malaysian Ops Will Remain Closed Upto 14 April

New Wave Holdings

26/03/2020 12:20

March 26 (Reuters) - New Wave Holdings Ltd  NEWW.SI :
    * MALAYSIAN OPERATIONS WILL REMAIN CLOSED UPTO 14 APRIL 2020
    * FACILITIES AND OFFICES IN SINGAPORE AND AT KUNSHAN AND
SUZHOU IN
PEOPLE'S REPUBLIC OF CHINA ARE CURRENTLY OPERATING AS USUAL
    * EXPECT NEGATIVE IMPACT THAT COVID-19 PANDEMIC MAY
ADVERSELY
AFFECT GROUP'S EARNINGS CAPACITY FOR FINANCIAL YEAR ENDING 31
MARCH 2021
    * FACTORY AND OFFICE PREMISES IN MALAYSIA'S JOHOR AND PENANG
WERE
CLOSED AND ALL FACTORY OPERATIONS TEMPORARILY STOPPED
    * COVID-19 MAY ADVERSELY AFFECT GROUP'S EARNINGS CAPACITY
FOR FY
ENDING 31 MARCH 2021
    * DO NOT EXPECT TEMPORARY CLOSURE OF BUSINESS PREMISES TO
HAVE
MATERIAL FINANCIAL IMPACT ON EPS, NAV/SHARE OF GROUP FOR FY
ENDING 31 MARCH

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

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