Super Ring maker Oriental Food’s stock down after temporary closure of Malacca plant

TheEdge Thu, Jul 08, 2021 12:01pm - 2 years View Original


KUALA LUMPUR (July 8): Oriental Food Industries Holdings Bhd fell this morning after the group announced the temporary closure of its premises in Malacca for two weeks following the orders from the Ministry of Health (MoH). The products of the snack food and confectionery maker include Super Ring, Jacker, Rota, and Oriental. 

Oriental Food's stock, which was suspended from 9am to 10am today, opened 0.5 sen or 0.58% lower at 85.5 sen when it started trading again.

At the time of writing, the counter remained at 85.5 sen level, with 17,500 shares traded.  

The group announced to Bursa Malaysia yesterday, it had been ordered by the MoH to temporarily close its premises excluding office, maintenance, logistics and security divisions at Air Keroh Industrial Estate from July 7 to July 21.

“We shall comply with the work instruction issued by MoH accordingly.

“The safety and well-being of our employees and local community are our utmost priority towards containing the situation and flattening the Covid-19 curve,” it said.

It added that the group will continue to adhere to its Covid-19 preventive standard operating procedures on a stringent basis including performing regular disinfection exercises with all the necessary precautionary measures strictly in place.

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