Brief: XMH Holdings Sees Loss For FY 2020

XMH Holdings

17/07/2020 12:22

July 17 (Reuters) - XMH Holdings Ltd  XMHL.SI :
    * SEES LOSS FOR FY2020
    * MECH POWER GENERATOR SDN. BHD RESUMED OPERATIONS GRADUALLY
FROM
9 JUNE
    * GOT A S$5 MILLION BRIDGING LOAN FACILITY FROM SINGAPORE
GOVERNMENT-ASSISTED LOAN FINANCING SCHEME
    * EXPECTED LOSS IS PRIMARILY DUE TO WEAK REVENUE ARISING
FROM
CHALLENGING ENVIRONMENT COUPLED WITH COVID-19 PANDEMIC
    * GROUP'S OPERATIONS IN SINGAPORE RESUMED SINCE 1 JUNE
    * PT XIN MING HUA ENGINE RESUMED OPERATIONS IN A REDUCED
CAPACITY
SINCE 1 JULY

Source text for Eikon:  urn:newsml:reuters.com:*:nSNNnBzq
Further company coverage:  XMHL.SI 

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