Wang-Zheng unit fire loss likely to be at RM20mil


The company said it is still unable to determine the actual losses to be incurred by CCI.

PETALING JAYA: Wang-Zheng Bhd estimates a provisional loss of RM20mil from the fire that had broken out at the factory and warehouse of its wholly-owned subsidiary Carefeel Cotton Industries (M) Sdn Bhd (CCI).

In a reply to a query from Bursa Malaysia, the company, which is principally engaged in manufacturing, processing and distribution of fibre-based products, said it is still unable to determine the actual losses to be incurred by CCI.

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