MGL magontec limited
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Feb 17 (Reuters) - Magontec Ltd (MGL) : FACTORIES AT XI'AN IN...

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    17/02/20
    14:55
    Post #: 42976438

    Feb 17 (Reuters) - Magontec Ltd (MGL) :

    • FACTORIES AT XI'AN IN SHAANXI PROVINCE AND GOLMUD IN QINGHAI PROVINCE RE-COMMENCED OPERATIONS (NOT REMAIN CLOSED)
    • UPDATE - CORONAVIRUS IMPACT ON MAGONTEC'S CHINESE ACTIVITIES
    • MOST CHINESE CUSTOMERS HAVE RE-COMMENCED OPERATIONS
    • THERE REMAIN SIGNIFICANT TRANSPORTATION LIMITATIONS FOR CHINESE FREIGHT COMPANIES DUE TO THE VIRUS, HAVE HAD EFFECT ON CO'S SUPPLY
    • MAGONTEC LTD SEES VIRUS IMPACT ON FINANCIAL RESULTS TO BE MODEST; EFFECT MAY HAVE ROLLING IMPACT FOR SOME WEEKS TO COME
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