KUALA LUMPUR: A fire broke out at Precision parts manufacturer Notion VTec Bhd's main manufacturing plant in Klang at 2pm this afternoon affecting all its units namely, Kaiten Precision Sdn Bhd, Notion Venture Sdn Bhd and Autic Mekki Sdn Bhd.
“The fire department and insurance representatives are still conducting investigation to ascertain the cause of the fire.
“All the assets are adequately covered by insurance. Sufficient insurance coverage has been taken for consequential business loss,” the company said in its filing to Bursa Malaysia today.
Notion VTec said it has yet to ascertain the full financial and operational impact and consequences of the incident.
“The board will make further announcement whenever there is new development as well as any significant financial impact on the insurance claim,” it said.
Trading of Notion VTec shares were halted today when its price plunged 27 per cent or 26 sen to 70 sen.
Notion VTec shares is expected to resume trading this coming Monday at 9am.