Hong Lai Huat property and real estate sales to be affected by Cambodia lockdown

Published Thu, Apr 15, 2021 · 07:43 PM

MAINBOARD-LISTED Hong Lai Huat Group said its property and real estate division sales is expected to be affected by a lockdown order in Cambodia.

In an exchange filing on Thursday, Hong Lai Huat informed shareholders that the Cambodian government has issued a lockdown order on the nation's capital city Phnom Penh, as well as Kandal Province for 14 days, starting Thursday, to curb the spread of Covid-19.

Prior to the lockdown order, the government had imposed a curfew from 8pm to 5am for the first two weeks of April. This would also be extended for another two weeks in accordance with the lockdown order.

The group said its Cambodia offices will be required to shut for the next 14 days, and all employees have been instructed to work from home.

"The group's property and real estate division sales is expected to be affected by this lockdown order, however the agriculture division continues to operate as per normal with all safe guidelines in place," Hong Lai Huat said.

Hong Lai Huat shares fell 1.1 per cent or 0.1 Singapore cent to close at 9.3 cents on Thursday, before the announcement.