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FTSE Bursa Malaysia KLCI (^KLSE) 1,646.53 14.83 (0.90%)
updated at: Wed, 09 Dec 2020, 05:25PM MYT

Unisem pauses China ops for one week on Wuhan virus containment effort

UNISEM
BURSA
UNISEM
Original Source From TheEdge Publish at Tue, 04 Feb 2020, 05:31AM

KUALA LUMPUR (Feb 4): Unisem (M) Bhd said today that it has paused operations at its plant in Chengdu, China, under the directive of local authorities as part of measures to contain the Wuhan virus outbreak.

The operation — under its unit Unisem Chengdu Co Ltd — was halted from last Sunday (Feb 2) and will last until Feb 9, it said in a filing to Bursa Malaysia.

Unisem Chengdu hires some 2,000 employees for the operation of one packaging and testing facility, as well as one of its two water bumping facilities, according to Unisem's latest annual report.

The group's other operations are located in Ipoh and in Batam, Indonesia.

Unisem shares slid 4 sen or 1.8% to close at RM2.18, giving the group a market capitalisation of RM1.6 billion.

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