HOMERIZ

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OTHERS HOMERITZ CORPORATION BERHAD ("HOMERITZ" OR "THE COMPANY") TEMPORARY STOPPAGE FOR THE COMPANY'S MANUFACTURING FACILITIES AT KAWASAN PERINDUSTRIAN BUKIT BAKRI, MUAR, JOHOR.

HOMERITZ CORPORATION BERHAD

Type Announcement
Subject OTHERS
Description
HOMERITZ CORPORATION BERHAD ("HOMERITZ" OR "THE COMPANY")

TEMPORARY STOPPAGE FOR THE COMPANY'S MANUFACTURING FACILITIES AT KAWASAN PERINDUSTRIAN BUKIT BAKRI, MUAR, JOHOR.

The Board of Directors of the Company wishes to inform that the Company is implementing a temporary stoppage for seven (7) days for one (1) of its manufacturing facilities, Factory D located at Kawasan Perindustrian Bukit Bakri, Muar Johor (“Factory D”) with guidance from the Kementerian Kesihatan Malaysia (“KKM”), from 13th -19th April 2021 as the Company had discovered several positive cases of COVID-19 infection among its factory workers located at Factory D.

 

The Company is cooperating and working closely with KKM to implement the mitigating steps to contain the spread of COVID-19 at that affected Factory D, and also safeguard the health of the Company’s employees who may have been exposed to the virus.

 

The safety and well-being of the Company’s employees and the local community are of paramount priority towards containing the situation. While only a number of workers from Factory D has tested positive for COVID-19, the Company has temporary closure on all the factories in the same location in order to do deep-sanitisation and disinfection. The Company currently also underwent a COVID-19 full screening for all its remaining employees work at other unaffected factories and office located Bukit Bakri, Muar, Johor as precautionary measure to contain and prevent the spread of the COVID-19 virus amongst its employees and its surrounding community.

 

Impact on business operations

 

The management foresees that the temporary suspension of business shall delay the shipment of several sales orders to some of its customer. The management is currently in discussions with the respective customers for the extension of time to deliver the goods and expects that there will not be any adverse impact to the Group in view of the long-term relationship with the respective customers.

 

Impact on financial performance

 

The Company does not expect any material impact to its financial performance other than the cost incurred for the swab test, disinfection process and daily meal allowance to workers.

 

Impact on earnings prospects

 

Barring any prolonged interruptions or closure of the affected premise’s operations of the Company, the Board does not expect any material adverse impact on the revenue or the earnings of the Group for the financial year ending 2021.

 

Strategy and steps taken to address the impact of COVID-19

 

The Company will continue to monitor the situation and work closely with the relevant authorities as to ensure resumption of the affected premise with the well-being of employees being safeguarded at all times.

 

This announcement is dated 14 April 2021






Announcement Info

Company Name HOMERITZ CORPORATION BERHAD
Stock Name HOMERIZ
Date Announced 14 Apr 2021
Category General Announcement for PLC
Reference Number GA1-13042021-00071