OTHERS CENTURY LOGISTICS HOLDINGS BERHAD (“CENTURY”) -FLOOD IN AYUTTHAYA, THAILAND
|CENTURY LOGISTICS HOLDINGS BERHAD|
|Description||CENTURY LOGISTICS HOLDINGS BERHAD (“CENTURY”)|
-FLOOD IN AYUTTHAYA, THAILAND
1. Flood in Ayutthaya, Thailand
On behalf of the Board of Directors of Century, we wish to announce the situation pertaining to our distribution centre in Rojana Industrial Park, Ayutthaya, Thailand held under Century Resources (Thailand) Limited (“CRT”), a 90% owned subsidiary of Century Logistics Sdn Bhd, which in turn is a wholly owned subsidiary of Century.
At this time, access to the Rojana Industrial Park has been closed. The impact resulting from the flood is expected to be minimal as our facility is an elevated building. The local team monitored events leading to this and prepared precautionary measures including protection of assets and deferred the transfer inwards of goods and assets from its new customer.
Century will provide updates when more information is available and undertake full assessment of the facility as soon as circumstances permit.
2. Financial Effect
In view of the Property All Risk Insurance in place, which includes, amongst others, flood coverage, no material impact is anticipated.
|Company Name||CENTURY LOGISTICS HOLDINGS BERHAD|
|Date Announced||12 Oct 2011|