Ge-Shen's subsidiary stops operations for a few days on MoH order to sanitise premises

Ge-Shen's subsidiary stops operations for a few days on MoH order to sanitise premises
-A +A

KUALA LUMPUR (Aug 4): High-precision plastic components maker Ge-Shen Corp Bhd said its wholly-owned subsidiary Polyplas Sdn Bhd has received an official notice from the Ministry of Health (MoH) to stop its operations for a few days beginning today to sanitise its premises as part of Covid-19 prevention measures.

In a bourse filing today, Ge-Shen said the temporary closure is expected to delay deliveries for several orders.

"The management is currently in discussion with the affected customers for the rescheduling of the delivery dates for those orders and expects that there will not be any adverse impact on the group," it said, adding that "the group does not expect any material impact on its financial performance".  

The group expects to reschedule and replan to address its production backlogs once manufacturing activity resumes.

Barring any prolonged interruption or closure of operations of the factory, the board does not expect any material adverse impact on the revenue or the earnings of the group for the financial year ending Dec 31, 2021, given all other facilities are operating according to regulations.

Shares of Ge-Shen closed down 5.96% or nine sen lower to RM1.42, valuing the group at RM156 million.

Lam Jian Wyn