SINGAPORE - Two Singapore-listed firms announced on Wednesday morning a halt to their Malaysia operations to comply with the country's two-week lockdown of all businesses except shops selling food and daily necessities, to stem the rising number of coronavirus cases.
CNMC, which mines and processes gold, had produced about 1,470 ounces of gold doré bars from March 1 to March 17. CNMC's operations are principally located in Malaysia, according to its 2019 fourth-quarter earnings report. It will resume its business operations and construction works fully once the lockdown ends, subject to any further directive from Malaysia's government.
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