E&E 11.2 mln incurred for lay-off

Elec & Eltek International Holdings Limited (0033) announced that Elec & Eltek International Company Limited (EEIC), a subsidiary of the company which is engaged in printed circuit boards (PCB) business and the shares of which are listed on the Singapore Exchange Securities Trading Limited, has recently undergone a major rationalization program which includes organizational restructuring and process re-engineering in its Hong Kong operation in line with its effort to continuously streamline the PCB business operations. The move involved one-off expenditure of D11.2 million.

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