March 4, 2020 / 11:43 AM / 3 months ago

BRIEF-Elife Holdings Says Business Ops In PRC Affected Due To Coronavirus

March 4 (Reuters) - Elife Holdings Ltd:

* DUE TO OUTBREAK OF NOVEL CORONAVIRUS GROUP’S BUSINESS OPERATIONS IN PRC HAS BEEN AFFECTED

* IMPLEMENTED REDUCTION IN SALARIES OF ALL DIRECTORS AND CERTAIN SENIOR MANAGEMENT OF GROUP IN RANGE 22% TO 50% FROM FEBRUARY

* PROPOSED MEASURES TO LOWER OPERATING COST AND STREAMLINE WORKFORCE

* EXPECTED THAT DIFFICULTIES AND CHALLENGES IN BUSINESS ENVIRONMENT WITH GROUP WILL CONTINUE FOR A PERIOD OF TIME Source text for Eikon: Further company coverage:

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