Asia
CSBC Corp Taiwan to Partially Halt Work Following Fatal Accident
CSBC Corp Taiwan (TPE:2208) said authorities have ordered a partial work suspension following a fatal accident involving a contractor during crane maintenance, according to a Thursday Taiwan Exchange filing.Shares slid over 1% in Friday's late morning trade.The incident, which occurred on April 15, resulted in one death, with the company initiating emergency response measures and cooperating with investigators.The Kaohsiung City government has halted operations and maintenance of three stationary cranes from April 15 to May 14.CSBC said the stoppage is not expected to have a significant impact on its operations, with penalties and insurance claims still under assessment.
TPE:2208
