NR Instant Produce Public Company Limited (SET: NR) has announced that the collapse of the financial institutions in the United States has no impact on the company.
NR stated that it is aware of the situation that has happened during last week, where several media outlets reported on the collapse of the financial institutions in the United States. The aforementioned financial institutions primarily provide financial support and lending to startups, particularly in the technology industry. So far, the company anticipates that the situation shall not negatively impact NRF and its group business.
Nevertheless, NR noted that it realized the potential significance from the recent event and has contacted the group companies, including the alternative protein funds, e-commerce partner in the United States, among others.
As a result, the company ensured that none of the group companies has directly engaged in any transaction with the mentioned financial institutions and the company believes that the situation shall not adversely affect NRF’s group businesses. However, given the magnitude of the situation, the company shall continue to monitor and examine the situation closely.