Quick take: Heineken Malaysia rises on approval to operate during MCO


KUALA LUMPUR: Shares in Heineken Malaysia Bhd rose in early trade Monday following approval from the Government to resume limited operations with minimal staff.

The brewery, one of the top gainers on Bursa Malaysia, rose 30 sen to RM21.48.

Heineken Malaysia has obtained approval from the government to resume limited operations with a minimal number of essential workers during the Government’s Movement Control Order (MCO).

Heineken on March 24 said it had suspended the operations of its brewery in Petaling Jaya in line with the MCO and that its employees were working from home until March 31.

In a statement, Heineken said it will ensure full compliance with the Government’s requirements and guidelines during the MCO period.

The brewer said only very essential staff (less than 10% of its workforce) will be involved in ensuring continuous and uninterrupted supply of our products in the market. All its other non-essential workers will continue to operate from home.

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