Pacific Textiles Expects Repairs to Typhoon-Hit Vietnam Plant to Take Up to Six Weeks
MT Newswires Live09-27
Pacific Textiles (HKG:1382) expects repairs to its plant in Hai Duong, Vietnam to take four to six weeks due to a shortage of necessary construction materials and unstable weather, a Friday filing with the Hong Kong Exchange said.
The plant, damaged by Typhoon Yagi in early September, has already resumed a minor level of production utilizing the repaired and undamaged facilities.
The textile manufacturer and trader's shares were up over 3% on Friday's close.
Price (HKD): $1.66, Change: $+0.050, Percent Change: +3.11%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
