Brief: Veeko International Holdings Says Executive Directors' Pay To Be Cut By 60% For Three Months
12/02/2020 15:13
Feb 12 (Reuters) - Veeko International Holdings Ltd
1173.HK :
* EXPECTED THAT GROUP'S LOSSES FOR YEAR ENDING 31 MARCH 2020
WILL
FURTHER INCREASE
* ANOUNCES EFFECT OF NOVEL CORONAVIRUS EPIDEMIC ON BUSINESS
OPERATIONS
* GROUP HAS SUSPENDED OPERATION OF CERTAIN STORES DUE TO
CORONAVIRUS OUTBREAK
* REMUNERATION OF ALL EXECUTIVE DIRECTORS OF CO TO BE
REDUCED BY
60% FOR THREE MONTHS FROM 1 FEB
* EXPECTS MASK PRODUCTION LINES CAN BE IN OPERATION BY MARCH
2020
* ENTERED INTO A SALE AND PURCHASE AGREEMENT FOR ACQUIRING
TWO
FULLY AUTOMATIC MASK PRODUCTION MACHINES
Source text for Eikon: ID:nHKS8mlZ1X
Further company coverage: 1173.HK
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