scorecardresearch
Add as a preferred source on Google
Tuesday, December 2, 2025
Support Our Journalism
HomeWorldFacility services group ISS shares fall 10% after Hong Kong announces fire...

Facility services group ISS shares fall 10% after Hong Kong announces fire probe

Follow Us :
Text Size:

COPENHAGEN, Dec 2 (Reuters) – Danish facilities management group ISS said on Tuesday it supported Hong Kong’s decision to establish a judge-led committee to investigate the cause of the city’s deadliest fire in decades, and that the company was cooperating in the probe.

ISS said in a statement that its Hong Kong property management arm ISS EastPoint Properties Limited provided administrative support for the incorporated owners of Wang Fuk Court – the site of the fire – but was not involved in appointing the contractor for major renovation work or overseeing renovations on a day-to-day basis.

Hong Kong authorities have not named ISS as a target of investigation.

The share price of ISS fell by 10% following the release of the company’s statement, marking its worst trading day since August 2023.

Hong Kong’s leader said on Tuesday the committee will investigate the cause of the fire at the Wang Fuk Court and review oversight of building renovations blamed for fanning an inferno that killed at least 156 people.

“The company is already engaged with relevant authorities and will continue to cooperate fully with the inquiry, including providing information and assistance,” ISS EastPoint Properties Limited said in the statement provided by its Danish parent group.

(Reporting by Jacob Gronholt-Pedersen, writing by Stine Jacobsen, editing by Terje Solsvik, Aidan Lewis)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibility for its content.

Subscribe to our channels on YouTube, Telegram & WhatsApp

Support Our Journalism

India needs fair, non-hyphenated and questioning journalism, packed with on-ground reporting. ThePrint – with exceptional reporters, columnists and editors – is doing just that.

Sustaining this needs support from wonderful readers like you.

Whether you live in India or overseas, you can take a paid subscription by clicking here.

Support Our Journalism

  • Tags

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular