April 23, 2020 / 2:49 PM / a month ago

BRIEF-Acesian Partners Says Application By Malaysian Subsidiary To Continue With Ops During Mco Period Approved

April 23 (Reuters) - Acesian Partners Ltd:

* APPLICATION BY MALAYSIAN SUBSIDIARY TO MITI TO CONTINUE WITH OPERATIONS DURING MCO PERIOD APPROVED

* IMPACT OF CLOSURE ON BUSINESS, COVID-19 SITUATION WILL HAVE NEGATIVE MATERIAL IMPACT ON GROUP’S HY RESULTS

* REVENUE FOR MONTH OF APRIL & MAY IS EXPECTED TO BE MINIMAL

* ACESIAN PARTNERS SEES SIGNIFICANT LOSSES FOR APRIL AND MAY

* EXPECTING LONGER COLLECTION PERIOD OF ACCOUNTS RECEIVABLES Source text for Eikon: Further company coverage:

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