Fire incident at Kim Loong facility in Kota Tinggi

As the value of the company is tied to the performance of the company, it is in the interest of the warring shareholders to argue and fight outside the company.

KUALA LUMPUR: Kim Loong Resources Bhd has reported a fire that broke out at its palm oil mill in Kota Tinggi, Johor, at about midnight on June 9.

According to the group's filing with Bursa Malaysia, the fire was put out and an investigation into the cause of the fire and damage to the processing equipment is underway. 

The normal operation of the mill will be disrupted for at least two weeks.

"We are assessing the financial impact on the Company and will make an immediate announcement once determined," it said.

As at 12.30pm, Kim Loong's share price was unchanged at RM1.15 per unit on the back of 55,000 shares done.