MINHO

0.300

-0.005 (-1.6%)

OTHERS MINHO (M) BERHAD ("Minho" or "the Company") - Fire Incident - Update on Insurance Claim

MINHO (M) BERHAD

Type Announcement
Subject OTHERS
Description
MINHO (M) BERHAD ("Minho" or "the Company") - Fire Incident - Update on Insurance Claim

With reference to the Company’s announcement on 10 September 2019 (reference number: GA1-10092019-00027), pertaining to the fire incident that occurred at its Timber Complex belonging to its wholly owned subsidiary, Lionvest Corporation (Pahang) Sdn. Bhd. ("Lionvest") located at Bandar Tun Abdul Razak, Jengka, Pahang Darul Makmur.

 

The Board wishes to inform that the insurer, CHUBB Insurance Malaysia Berhad, had made a payment of RM563,714.50 on 3 July 2020 to Minho's wholly-owned subsidiary, Lionvest Corporation (Pahang) Sdn. Bhd. (“Lionvest”), being the final and full settlement of the Claim Settlement for Fire Damage to Building, Machinery and Office Equipment upon the Adjuster’s Adjustment Schedule under the Material Damage Section amounting to RM563,714.50. 

 

This announcement is dated 6 July 2020.






Announcement Info

Company Name MINHO (M) BERHAD
Stock Name MINHO
Date Announced 06 Jul 2020
Category General Announcement for PLC
Reference Number GA1-06072020-00031