Sern Kou Resources’ 51%-owned unit Sern Kou Plywood flags RM 338,000 PPE impairment on operations halt
Bitget2026/10/01 09:32- SK - SERN KOU Resources flagged an estimated RM 338,000 PPE impairment tied to the shutdown of 51%-owned Sern Kou Plywood.
- Impairment estimate used SKPW’s unaudited PPE carrying value as of June 30, 2026, factoring expected write-downs and discounted rental cash flows.
- SKPW has posted losses since FY 2024; members concluded plywood manufacturing is no longer commercially viable amid construction slowdown pressures.
- Cessation is not expected to materially affect the group’s furniture or sawmill operations.
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