Computer Forms does not anticipate significant financial impact from fire incident

KUALA LUMPUR: Computer Forms (Malaysia) Bhd does not anticipate any significant financial or operational impact on the group from the recent fire outbreak at its wholly owned subsidiary’s factory here.

In a filing with Bursa Malaysia today, the group said the affected facility houses Contipak Noron Sdn Bhd’s flexible packaging operations.

"We are awaiting the Fire and Rescue Department’s official report to determine the full extent of the incident,” it said.

The group said it has adequate insurance on its assets and coverage for consequential business losses, which will help mitigate the financial impact.

Furthermore, its insurance agent is actively assisting in the investigation. - Bernama