KUALA LUMPUR (May 3): Recently listed Mobilia Holdings Bhd has said it will resume operations of its administration office on May 5, but will continue to suspend production operations of its subsidiary, Mobilia International Sdn Bhd (MI), until May 9.

Prior to this, the home furniture maker had temporarily shut MI's operations in Muar from April 26 after some of its employees tested positive for Covid-19.

The extension of the suspension is aimed at minimising the risk of further spreading the Covid-19 virus within the community, the group said in a bourse filing.

"Barring any unforeseen circumstances, the company does not expect any material impact on its operations, financial performance and/or earning prospects arising from the further temporary suspension of MI's operations until May 9," it said.

Mobilia, which listed on Bursa Malaysia's ACE Market on Feb 23, fell three sen or 6.52% to 43 sen today, giving the group a market capitalisation of RM172 million. The counter saw 8.1 million shares traded.

Compared to its initial public offering price of 23 sen, the stock has gained 87%.