Brief: Fountain Set Says Reduction In Production Capacity Of Fabric Mill Operated By Jiangyin Fuhui
05/02/2024 15:31
Feb 5 (Reuters) - Fountain Set Holdings Ltd 0420.HK :
* FURTHER REDUCTION IN PRODUCTION CAPACITY OF FABRIC MILL
OPERATED
BY JIANGYIN FUHUI
* TO FURTHER REDUCE FABRIC PRODUCTION CAPACITY
* REMAINING ORDERS FROM JIANGYIN FUHUI WILL BE TRANSFERRED
TO
OTHER FABRIC MILLS
* JIANGYIN FUHUI TO TERMINATE LABOUR CONTRACTS, AMONG OTHERS
* REDUCTION IN PRODUCTION CAPACITY OF FABRIC MILL WILL NOT
HAVE
SIGNIFICANT IMPACT ON OVERALL ORDER-TAKING OF GROUP
Source text for Eikon: ID:n11063414-1
Further company coverage: 0420.HK
((Reuters.Briefs@thomsonreuters.com;))
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