Brief: Forward Fashion (International) Updates On Impact Of Coronavirus Epidemic On Business Operations

Forward Fashion (International) Holdings Co

24/02/2020 05:02

Feb 24 (Reuters) - Forward Fashion (International) Holdings
Co Ltd  2528.HK :
    * UPDATES ON IMPACT OF NOVEL CORONAVIRUS EPIDEMIC ON
BUSINESS
OPERATIONS
    * EXPECTS ADVERSE IMPACT ON OPERATIONS & OPERATING
ENVIRONMENT OF
GROUP IN PRC, MACAU, HONG KONG & TAIWAN IN SHORT-RUN
    * EXCEPT FOR RETAIL STORES LOCATED IN HUBEI PROVINCE, MOST
RETAIL
STORES OF GROUP IN PRC RESUMED OPERATION
    * CO WAS ENGAGING IN TALKS WITH LANDLORDS OF RETAIL STORES
FOR
WAIVER OR REDUCTION OF RENTAL OF RETAIL STORES
    * MOST OF RETAIL STORES OF GROUP IN MACAU & HONG KONG
RESUMED
OPERATION AS AT FEB 24
    * IMPLEMENTED 50% & 30% VOLUNTARY REDUCTION IN SALARY OF ALL
EXEC
DIRECTORS & SENIOR MANAGEMENT RESPECTIVELY FOR 3 MTHS

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS7zHRFT
Further company coverage:  2528.HK 

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