Brief: Pacific Textiles Holdings Ltd Updates On Infuence Of Coronavirus On Business

Pacific Textiles Holdings

12/02/2020 10:24

Feb 12 (Reuters) - Pacific Textiles Holdings Ltd  1382.HK :
    * ANNOUNCEMENT IN RELATION TO INFUENCE OF NOVEL CORONAVIRUS
PNEUMONIA EPIDEMIC ON BUSINESS
    * FACTORY IN PANYU IN GUANGDONG PROVINCE HAS RESUMED
PRODUCTION ON
12 FEBRUARY 2020
    * EXPECTED THAT PANYU PLANT WILL EXPERIENCE DELAY IN
RESUMING TO
ORIGINAL PRODUCTION SCHEDULE
    * CERTAIN WORKERS WHOSE ORIGINS ARE OUTSIDE GUANGDONG, ARE
UNABLE
TO RETURN TO PRODUCTION UNITS IN GUANGDONG AS PLANNED
    * EXPECTED PANYU PLANT WILL BE LATE IN DELIVERY OF PRODUCTS
IN
FEBRUARY AND MARCH
    * SUSPENSION & TEMPORARILY LOWER THAN ORIGINAL PRODUCTION
LEVEL
LIKELY TO HAVE NEGATIVE IMPACT ON SHORT TERM FINANCIAL RESULTS
    * EXPECTS SHORTAGE OF LABOUR AS A RESULT OF ADMINISTRATIVE
MEASURES ARISING FROM EPIDEMIC IS TEMPORARILY
    * WILL CONTINUE TO ASSESS IMPACT OF EPIDEMIC ON GROUP'S
FINANCIAL
PERFORMANCE
    * PRODUCTION CAPACITY OF PANYU FACTORY TO DROP TEMPORARILY

Source text for Eikon:  ID:nHKS1cDYQ3 
Further company coverage:  1382.HK 

 (Reuters.Briefs@thomsonreuters.com)