Venture Corp: Temporary halt of Shanghai ops not big impact

Singapore

MAINBOARD-LISTED Venture Corporation will temporarily halt its operations in Shanghai for a short period this week, after Shanghai's city government announced that the city will go through a two-phase lockdown for 9 days, starting with residents to the east of the Huangpu river.

In response to The Business Times' queries, the company said it will continue to monitor the situation closely as it evolves and that the safety and well-being of its employees remains its top priority. Its initial assessment of the lockdown suggests that there is no significant impact to the business.