PETALING JAYA: Tien Wah Press Holdings Bhd
(TWPH) has implemented internal monitoring measures and is maintaining close communication with its key suppliers, logistics partners and customers to assess and mitigate any potential risks to its operations in the Gulf region.
In a filing with Bursa Malaysia, the company said it is closely monitoring the ongoing geopolitical developments in the Gulf.
“While the situation remains fluid, the group is proactively assessing any potential impact on its operations, supply chains, customers, employees and financial performance.
“At this juncture, the group’s operations have not experienced any material disruption arising from the situation.”
TWPH said its major customers in Dubai have not ceased operations to date, adding that the group’s factories in Dubai continue to operate.
“However, operating hours have been shortened in compliance with Ramadan regulations and no overtime is currently being undertaken. The safety and well-being of the group’s employees remains key.”
TWPH noted that any continued escalation or prolonged instability in the region may potentially affect certain external factors, including energy prices, logistics and shipping routes, and overall supply chain conditions, which could in turn impact operating costs and business activities.
“The group has implemented internal monitoring measures and is maintaining close communication with its key suppliers, logistics partners and customers to assess and mitigate any potential risks to its operations,” it said.
TWPH is principally involved in the provision of printing services for tobacco packaging and paper services, as well as property development and property investment.
