Brief: Evergreen Products Group Updates On Office In Kyiv, Ukraine

Evergreen Products

01/03/2022 15:18

March 1 (Reuters) - Evergreen Products Group Ltd  1962.HK :
    * REFERS TO OFFICE IN KYIV, UKRAINE
    * UNCERTAIN AS TO PHYSICAL STATE OF OFFICE AS STAFF COULD
NOT
PERFORM ANY ON-SITE INSPECTION DUE TO SAFETY REASONS, NO
CASSUALITY
    * OF VIEW THAT CONFLICT WILL NOT HAVE MATERIAL ADVERSE
IMPACT ON
OPERATIONS OF GROUP
    * NO PROVISION ON IMPAIRMENT LOSS ON PROPERTY, PLANT AND
EQUIPMENT
OF GROUP WILL BE MADE FOR YEAR
    * MOST BUSINESS ACTIVITIES OF CO IN UKRAINE HAVE MOVED TO
BANGLADESH
    * IF WHOLE OFFICE/SUBSTANTIAL PART IS DAMAGED, IMPAIRMENT OF
ASSETS FOR AMOUNT OF UP TO HK$12.8 MILLION WILL HAVE TO BE MADE

Further company coverage:  1962.HK 

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