Frencken Group's operations in Bangi to continue operations
EQUIPMENT service provider Frencken Group said on Monday that it has received approval from the authorities in Malaysia to continue its mechatronics manufacturing operations in Bangi, Selangor, amid Malaysia's ongoing movement control order.
It will "adhere to the conditions as stipulated by the authorities, which include reducing the number of employees working at its factory in Bangi", said the group in a Singapore Exchange (SGX) filing.
The group also previously announced that Malaysia's 14-day movement control order is not expected to have an impact on its operations outside of Malaysia, with customers from other markets being served by its factories in Asia, Europe and the US.
Frencken shares closed at $0.52 on Monday, down $0.01 or 1.9 per cent.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Shell exits China power market businesses
DuPont beats profit estimates, raises full-year forecasts
Binance founder Zhao Changpeng gets four months in prison
Apple set for big sales decline as investors await AI in iPhones
Microsoft, Brookfield to partner on renewable energy projects
UK house prices fall again after mortgage rates creep higher