Office Plast Stock Trading Suspended Following Fire Incident
Trading of Office Plast shares was suspended yesterday following a press release issued by the company. A major event has indeed occurred. A fire broke out on Wednesday, June 25, 2025, at 10:00 PM, affecting the company's finished product storage warehouse. The raw material depots and production plants were spared.
Production Resumes, Action Plan in Place
The company resumed normal production on Thursday morning and has initiated an action plan to deliver to its clients on time. Necessary steps have been taken with an insurance company to indemnify the damages suffered by the burned warehouse.
Expert Investigation and Preventive Measures
The company has also appointed an expert to analyze the causes of the fire and define preventive measures. Furthermore, it has committed to keeping the CMF informed of the progress of the expert's work as it unfolds. This incident will not impact the company's development plans.
Uncertainty Surrounds Damaged Stock Value
We are currently unaware of the value of the damaged stock, which is the primary information the market is seeking. According to the 2024 financial statements, the company ended the year with 4,321 MTND of finished products. Analysts will automatically factor in high provisions in their models if the company does not provide information on the actual losses soon. Office Plast has an opportunity to inform the market in its expected activity indicators in the second half of July. The stock has been relatively stable since the beginning of the year, and we do not expect a significant deviation. We will be monitoring the market's reaction when trading resumes on Monday.
