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TPE:2614

2 stories mentioning TPE:2614Updated 23d ago

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Asia

Eastern Media International Gets Order to Suspend Operations at Wharf No. 71 of Kaohsiung Port

Eastern Media International Corp (TPE:2614) has received a suspension of work order from the Labor Inspection Office of the Labor Affairs Bureau of Kaohsiung City Government, Taiwan, following the July 15 incident which led to the death of an employee of the company while unloading grains on the vessel "SAPHIRA", according to a Monday filing to the Taiwan stock exchange.The company's shares were up over 1% in Tuesday's trade.The order is for the suspension of grain loading and unloading operations at Wharf No. 71 of Kaohsiung Port untilAug. 14, after which, upon completion of the improvements, the company may immediately apply for the resumption of work.The company's other operations at Wharf No. 72 of Kaohsiung Port, along with Wharf No. 1 and Wharf No. 3 of Taichung Port, are operating normally; therefore, there is no impact on its business operations.Eastern Media said it will claim compensation from the shipowner for any losses sustained as a result of this incident.

TPE:2614
Asia

Eastern Media Unit Awards NT$628 Million Construction Deal, Updates Related NT$700 Million Contract

Eastern Media International (TPE:2614) unit Eastern Asset awarded construction-related contracts worth a combined NT$628 million for its Linkou Global Operations Headquarters project in New Taipei, Taiwan, according to a Wednesday Exchange filing.The work was awarded to Lead-Fu Industrials and covers curtain wall engineering and material procurement for Building B of the development.In a separate same-day disclosure, the company also updated details of a related curtain wall agreement for the office building, with the total package valued at NT$700 million, including NT$56 million for engineering and NT$644 million for materials, with no changes to counterparties or core terms.

TPE:2614

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