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KUALA LUMPUR: Investors rushed to sell down their holdings in Tomypak Holdings Bhd following news that a fire had broken out at its manufacturing facilities in Senai, Johor Bahru.Shares in the flexible packaging materials manufacturer plunged 19.5 sen or 39% to 30.5 sen at the opening bell on fears over the extent of the damage caused by the fire and the potential disruption to the group's operations.At 11.35pm, shares in Tomypak were down 14 sen or 28% to 36 sen a unit on the back of 6.77 million shares traded.In a late-evening filing to Bursa Malaysia yesterday, Tomypak said the fire at the factory warehouse in Senai had started at 12.30pm and spread to the entire Senai manufacturing plant of its operating company Tomypak Flexible Packaging Sdn Bhd.It reported that as at 10pm yesterday, the fire department was still working to contain the fire, and would begin investigations as soon as the situation was under control.It added that there were no human casualties."The Company has yet to ascertain the full financial and operational impact and consequences of the fire."All the assets are adequately covered by insurance including insurance coverage for property and equipment damage, stock in trade, business interruption and consequential losses," it said.Tomypak said it would make further announcements upon any new developments.


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