Oriental Weavers (ORWE) board of directors (BoD) has asked the company’s executive management to explore either selling or liquidating its company in China.
More on ORWE China🏭 ORWE China was established in 2006 in response to the growing demand for woven products in China and other East Asian countries.
ORWE China’s revenues make up 0.2% of ORWE’s total revenues
ORWE China’s shareholders’ equity make up 0.1% of ORWE’s total shareholders equity
ORWE China’s assets make up 0.6% of ORWE’s total assets
Why is this important🤔 ORWE China’s contribution to ORWE’s business & financials is minuscule. Therefore selling/liquidating the group’s China facility is not expected to have a significant effect on ORWE’s financial results.