Yoong Onn works on recovery for fire-hit Singapore subsidiary

KUALA LUMPUR: Yoong Onn Corp Bhd is actively working on a recovery plan for its 60%-owned subsidiary, T.C. Homeplus Pte Ltd (TCH), in Singapore, following the recent fire at its factory and warehouse.

In a filing with Bursa Malaysia, Yoong Onn said the company aims to resume operations as soon as possible and will provide updates at the appropriate time.