Impact being assessed after fire at Koda's Vietnam factory building
A FIRE incident occurred on Monday (Jan 3) at a factory building of Koda in Vietnam's Long An province, the mainboard-listed furniture maker disclosed in a Tuesday bourse filing.
No casualties were reported and Koda's management has made immediate arrangements for affected orders to be produced in other factory buildings. The company has 11 factory buildings in the province.
"The affected factory building, including equipment and certain inventories stored therein are adequately insured," Koda said, adding that insurance adjusters are in the process of assessing the impact.
Shares of Koda closed flat at S$0.72 on Tuesday.
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