May 22, 2020 / 3:16 PM / 8 days ago

BRIEF-Prosperous Industrial Resolves To Adjust Production Capacity Downward In Upcoming Months

May 22 (Reuters) - Prosperous Industrial (Holdings) Ltd :

* RESOLVED TO ADJUST ITS PRODUCTION CAPACITY DOWNWARD IN UPCOMING MONTHS

* CAMBODIA PRODUCTION BASE WILL BE SUSPENDED GRADUALLY FOR 3 MONTHS STARTING FROM END OF MAY 2020

* TOTAL REVENUES OF GROUP FOR FOUR MONTHS ENDED 30 APRIL DOWN ABOUT 28%

* COVID-19 PANDEMIC EXPECTED TO HAVE AN ADVERSE IMPACT ON PERFORMANCE OF GROUP Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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