BRIEF-Xin Point Announces Impact Of US Tariffs On Business And Operation Of Group

Reuters
16 Apr
BRIEF-Xin Point Announces Impact Of US Tariffs On Business And Operation Of Group

April 16 (Reuters) - Xin Point Holdings Ltd 1571.HK:

  • IMPACT OF UNITED STATES TARIFF ON BUSINESS AND OPERATION OF GROUP

  • NEW TARIFFS ARE LIKELY TO HAVE IMPACTS ON GROUP'S BUSINESS AND OPERATIONS

  • IN ACTIVE DISCUSSIONS WITH US CUSTOMERS ON POSSIBILITIES OF RELOCATING MANUFACTURING PROCESSES OF PRODUCTS TO MEXICO AND MALAYSIA

  • DIRECT SHIPMENTS FROM CHINA TO U.S. SUBJECT TO U.S. TARIFF ACCOUNTED FOR 30.7% OF TOTAL REVENUE FOR YEAR 2024

Further company coverage: 1571.HK

((Reuters.Briefs@thomsonreuters.com;))

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