Brief: Nova Lifestyle Says If Determination Is Made By Relevant Authorities To Close Port Of Los Angeles, That Would Have A Material Adverse Impact On Co

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27/03/2020 20:46

March 27 (Reuters) - Nova LifeStyle Inc  NVFY.O :
    * NOVA LIFESTYLE INC - IF DETERMINATION IS MADE BY RELEVANT
AUTHORITIES TO CLOSE PORT OF LOS ANGELES, THAT WOULD HAVE A
MATERIAL ADVERSE IMPACT ON CO
    * NOVA LIFESTYLE INC - CONTINUES TO RECEIVE ORDERS AND
SOLICIT
BUSINESS VIA TELEPHONE AND EMAIL
    * NOVA LIFESTYLE INC - NEW PRODUCTS ARE BEING SOURCED FROM
MANUFACTURERS IN INDIA AND MALAYSIA
    * NOVA LIFESTYLE INC - Q1, Q2 OPERATING RESULTS WILL BE
ADVERSELY
IMPACTED DUE TO IMPACT OF COVID-19
    * NOVA LIFESTYLE INC - BELIEVE CO'S FINANCIAL RESOURCES WILL
BE
ADEQUATE TO FINANCE OPERATIONS THROUGH OUTBREAK
    * NOVA LIFESTYLE INC - AT PRESENT TIME DO NOT EXPECT
OUTBREAK-RELATED CIRCUMSTANCES, TO RESULT IN MATERIAL
IMPAIRMENTS OF CO'S ASSETS
    * NOVA LIFESTYLE INC - CURRENTLY EXPECTS TO FILE ITS ANNUAL
REPORT
ON OR BEFORE MAY 14

Source : (https://bit.ly/2JlJ5oE)
Further company coverage:  NVFY.O 

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