ENGINEERING specialist CSC Holdings said its Singapore foundation operations has maintained " sufficient stock" of key construction materials that are typically supplied from Malaysia.

 

These materials, including pre-cast concrete piles, will last through Malaysia' s extended total lockdown for its ongoing projects in Singapore, the mainboard-listed firm said in a bourse filing on Monday evening.

 

Last Friday, Malaysia extended its movement control order, known as MCO 3.0, for another two weeks - from June 15 to June 28 - as the number of new daily Covid-19 infections in the country remained high.

 

CSC' s operations in Malaysia will remain suspended during the extended lockdown. This disruption " may affect the group' s performance" for the financial year ending March 31, 2022, and CSC will continue to monitor the evolving situation " closely" , it said.

 

Another Singapore-listed company, Grand Banks Yachts, similarly announced on Monday that its manufacturing yard in Pasir Gudang in Johor, Malaysia, will continue to suspend operations until the MCO 3.0 is lifted.

 

Grand Banks, which produces luxury recreational motor yachts, said it expects the extended lockdown to affect its performance for the fourth fiscal quarter ending June 30, 2021.