Brief: Pegasus International Holdings Says Largest Customer To Not Continue Business With Co

Pegasus International Holdings

18/07/2018 09:47

July 18 (Reuters) - Pegasus International Holdings Ltd
 0676.HK :
    * GROUP'S LARGEST CUSTOMER WILL NO LONGER CONTINUE BUSINESS
RELATIONSHIP WITH EFFECT FROM SEPT 2018 
    * FURTHERMORE, IT IS EXPECTED THAT CESSATION OF BUSINESS
RELATIONSHIP WILL HAVE A NEGATIVE IMPACT ON REVENUE OF GROUP
    * THERE IS NO CURRENT PLAN TO CEASE MANUFACTURING BUSINESS
OF
GROUP
    * BOARD WILL ALSO EXAMINE AND INTEGRATE PRODUCTION LINES OF
GROUP
    * EXISTING FINANCIAL RESOURCES OF GROUP IS SUFFICIENT TO
MAINTAIN
ITS NORMAL BUSINESS OPERATIONS

Source text for Eikon:  ID:nHKS8F8q2G 
Further company coverage:  0676.HK 

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