By: La Papillion
Seems like it's one disaster after another. Myanmar had barely finished with its cyclone and China is struck with a 7.8 magnitude earthquake.
A couple of china companies listed here came forth to offer help and aid to survivors - something which I found touching. There's a lot of announcements today regarding whether any of them got hit by earthquakes.
1. China Sports - not affected. Only 4% of assets are held around the region but no points of sale in affected region.
2. Synear - production plant is in Chengdu. Plant did not suffer material damage, neither are the staff hurt, but for safety precaution, plant is shut down on 13th May. Unable to touch base with about 8 distributors in the worst-hit areas. Synear will contribute 1 million RMB to Red cross for victims. Read more...