Grand Banks Yachts will be halting operations at its manufacturing yard in Pasir Gudang, Johor between June 1 to June 14 in view of Malaysia’s movement control order (MCO).
The halt in operations is in compliance with the MCO’s stipulations in which only activities and services deemed essential by Malaysia’s National Security Council will be allowed during the two-week period.
In its filing to SGX on June 2, Grand Banks Yachts says it is unable to ascertain the financial impact of the developments on its operations at this stage, given that the Covid-19 situation remains fluid.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)