Westports to undertake impairment in Q4 for vessel incident
PETALING JAYA: Westports Holdings Bhd
will undertake an impairment or provision in the coming financial quarter owing to a Nov 8 incident whereby a berthing container vessel made contact with two ship-to-shore cranes.
However, the group said all the affected assets have insurance coverage while its subsidiary Westports Malaysia Sdn Bhd has obtained an undertaking from the client’s insurer for the damaged assets.……
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