PETALING JAYA: Yew Lee Pacific Group Bhd
says the financial impact from flooding at its Hatyai plant will be minimal, with insurance covering most of the losses.
In a filing with Bursa Malaysia, the industrial brushes manufacturer said the total losses from the flooding at the facility of its subsidiary, Yew Lee Pacific (Thailand) Co Ltd, were estimated at 4.351 million baht (about RM566,000), mainly relating to damage to property, plant and equipment as well as inventory losses.
Estimated insurance coverage stands at 4.238 million baht (about RM551,000), resulting in a net loss of about 0.113 million baht (around RM147,000) to the group.
It said the Hatyai factory is insured under an industrial all-risk insurance policy which includes coverage for flood-related damages, subject to policy terms and final confirmation by the insurer.
Yew Lee said business interruption and other operational losses have yet to be quantified and were not included in the disclosed figures. The Hatyai factory resumed operations in mid-December 2025.
“Based on the information available to date, and pending final confirmation of the insurance claims and recoveries, the board is of the view that the flood incident is not expected to have a material adverse effect on the earnings, net assets or gearing of the group for the financial year ending 2025.”
