As for the impact, it is expected that the mandatory closures and restrictions on movement pursuant to the Order and the overall effect that COVID-19 has on the retail sector and the market in general, among other things, will in aggregate have a significant impact on the Company’s operations and business during this period. However, given the evolving circumstances, it is not possible for the Company to quantify or determine the extent of the impact on its business and financial position. The Company will continue to monitor the evolving situation and undertake appropriate measures to mitigate the impact from the current situation.
Roland Bala, Managing Director of HEINEKEN Malaysia, said: “We are living in unprecedented times, our first priority is the safety, health and wellbeing of our people, suppliers, customers, and consumers. At the same time, we commit to continue engaging the Government to support their efforts in addressing the COVID-19 crisis whilst ensuring we mitigate the impact to our industry.”
The Company will make the necessary announcement on any material developments relating to the above matter, as and when appropriate.