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YHI International Ltd (YHII.SI)

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Latest Key Developments (Source: Significant Developments)

YHI International to restructure wheel manufacturing operations in Shanghai Factory
Friday, 17 Feb 2017 06:32am EST 

Yhi International Ltd : Decided to embark on a restructuring plan to consolidate its wheel manufacturing operations in its Shanghai Factory into its Suzhou Factory . In connection with restructuring, co expects its full year financial results ended 31 december 2016 to be adversely affected .Results will be adversely affected due to provisions for retrenchment compensation to workers from its Shanghai Factory.  Full Article

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BRIEF-YHI International to restructure wheel manufacturing operations in Shanghai Factory

* Decided to embark on a restructuring plan to consolidate its wheel manufacturing operations in its Shanghai Factory into its Suzhou Factory