Further to the announcement made on 10 February 2017, in relation to the fire incident at one (1) factory of the wholly owned subsidiary of KLB on 10 February 2017.
The total net book value of the damaged factory building together with the plant and machinery is RM0.59 million while damaged inventories of firing materials is RM0.33 million.
The total settlement of the claim is pending finalisation and an announcement will be made upon confirmation/acceptance of the claim.
The Board of Directors of the Company will continue to update on material development for the above incident.
This announcement is dated 22 May 2017.
