HK's Pacific Textiles slips as Vietnam production hit by Typhoon Yagi
12/09/2024 03:27
** Shares of Pacific Textiles Holdings Ltd 1382.HK slip 2%
to HK$1.45
** Stock on track for the biggest one-day pct fall since
Sept 4, if losses hold, after the textile products maker said
its Vietnam production has been hit by Typhoon Yagi
** Co says its plant located at Lai Vu Commune in Vietnam's
Hai Duong Province has temporarily suspended production due to
business interruption and damage on the facilities and
inventories amid super Typhoon Yagi, while operations of its
other two production plants remain intact
** Co says the suspension of production at Vietnam Hai Duong
Plant is estimated to last for about four weeks, which could
lead to a decrease in the production volume and delay in
delivery of products from Vietnam Hai Duong Plant
** Hang Seng Commerce & Industry Index .HSNC adds 0.3% and
Hang Seng Index .HSI climbs 0.2%
** Stock up 9.6% YTD
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))