OTHERS LATITUDE TREE HOLDINGS BERHAD ("LTHB" OR THE "COMPANY") - Riots in Vietnam arising from Vietnam and China dispute over Paracel Islands in South China Sea
| LATITUDE TREE HOLDINGS BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | LATITUDE TREE HOLDINGS BERHAD ("LTHB" OR THE "COMPANY") - Riots in Vietnam arising from Vietnam and China dispute over Paracel Islands in South China Sea |
Further
to our announcement dated 14 May 2014, we wish to inform that the manufacturing facilities of
the Company’s subsidiary, Latitude Tree Vietnam Joint Stock Company (“LTV’)
has resumed operation today, 22 May 2014. The
shut-down arising from the riot has resulted in a loss of 8 production days.
The customers have been informed of the delays in delivery and rescheduling of delivery has been made. Asset losses arising from the incident were limited to office equipment and computers, glass doors and windows of the main office building and a small portion of the packing section. The insurance adjusters are in the process of assessing the losses arising from the damages. Claims will be made against loss of business interruption and other damages. The losses is not expected to have any material impact to the financial earnings for the financial year ending 30 June 2014. This announcement is dated 22 May 2014.
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Announcement Info
| Company Name | LATITUDE TREE HOLDINGS BERHAD |
| Stock Name | LATITUD |
| Date Announced | 22 May 2014 |
| Category | General Announcement |
| Reference No | CC-140522-51738 |
