Minho suffers fire at Pahang timber complex

10 Sep 2019 / 14:25 H.

PETALING JAYA: Minho (M) Bhd’s wholly-owned subsidiary Lionvest Corporation (Pahang) Sdn Bhd suffered a fire incident last Saturday evening at its timber complex in Jengka, Pahang.

The group told Bursa Malaysia that the fire only affected one block of the three-storey building located in the timber complex.

“All documents, computers, furniture, office equipment and others belonging to Lionvest stored in the office building were destroyed during the fire.”

According to Minho, the fire department and the insurance company are still conducting an investigation to determine the cause of the fire.

It stressed that all assets are adequately covered by insurance.

Minho said it has yet to ascertain the financial and operational impact of the incident. However, the incident does not affect its processing and manufacturing capabilities.

“The company will update the Bursa on the financial impact upon completion of the investigation and assessment by our internal team, insurance company and the authorities.”

At the midday break, Minho’s share price was unchanged at 25 sen on 58,400 shares done.

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