2018/9/21
General Announcement::Update on Flooding at Danshui Plant
General Announcement::Update on Flooding at Danshui Plant
Issuer & Securities
Issuer/ Manager | VALUETRONICS HOLDINGS LIMITED |
Securities | VALUETRONICS HOLDINGS LIMITED - BMG9316Y1084 - BN2 |
Stapled Security | No |
Announcement Details
Announcement Title | General Announcement |
Date & Time of Broadcast | 21-Sep-2018 12:08:28 |
Status | New |
Announcement Sub Title | Update on Flooding at Danshui Plant |
Announcement Reference | SG180921OTHRFIKT |
Submitted By (Co./ Ind. Name) | Tse Chong Hing |
Designation | Chairman and Managing Director |
Description (Please provide a detailed description of the event in the box below) | Please see attached. |
Attachments | VHL-Danshui Plant Announcement_Update-20180921.pdf Total size =69K |
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Update on Flooding at Danshui Plant
The Board of Directors of Valuetronics Holdings Limited ("Valuetronics" or the "Group") would like to announce that the power supply has resumed today at its flash flooded manufacturing facility located in Danshui Town, Huiyang District, Huizhou City, Guangdong Province, Peoples' Republic of China ("PRC") ("Danshui Plant").
As per the announcement dated 17 September 2018, the Danshui Plant was affected by a flash flood caused by Super Typhoon Mangkhut which caused power outages and this had resulted in temporary work stoppages at the Danshui Plant. With the return of normal power supply, production has since resumed at the Danshui Plant and will ramp up gradually. The management is currently assessing the effects of the flooding, and working with lost adjuster appointed by insurance underwriter on our insurance claim.
The Group would like to remind shareholders that its main manufacturing facility at Western District of Science and Technology Park, Dayawan Economy and Technology Development District, Huizhou City, Guangdong Province, PRC ("Dayawan Plant") was not affected by the Typhoon and continues its normal operations.
By Order of The Board
Mr Tse Chong Hing
Chairman and Managing Director 21 September 2018
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Disclaimer
Valuetronics Holdings Limited published this content on 21 September 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 21 September 2018 05:28:11 UTC