Nanopac Innovation Limited (NSX:NNO) Market and Audit Update
Market and Audit UpdateSydney, Mar 17, 2021 AEST (ABN Newswire) - The business of Nanopac (M) Sdn Bhd (Nanopac (M)), the Company's main operating subsidiary, was severely and negatively impacted by the effects of the Covid -19 global pandemic and the various lock downs and movement restrictions put in place in Malaysia and markets which the group supplies.
With the easing of restrictions Nanopac (M) is seeing slowly improving market conditions and an increase in revenues once again.
Nanopac (M) has been undertaking various measures to reduce the impact of the pandemic on its business. These include: