RAL to select adjusting services for fire loss

 

The fire at the Rạng Đông Light Source and Vacuum Flask JSC in Thanh Xuan caused a lot of harms to local residents. — Photo cafef

HÀ NỘI — Rạng Đông Light Source and Vacuum Flask JSC (HoSE: RAL) asked its shareholders to select PVI Insurance Corporation and Vietnam International Adjuster (VIA) to evaluate the damage from the fire in August at the request of Hà Nội’s Police. 

As per the request, shareholders have to register for the selection by December 3. The selection is expected to be completed on December 20.

On August 28, RAL’s warehouse in Thanh Xuân district caught fire. The company estimated losses of VNĐ150 billion ($6.47 million) for lamps and light bulbs.

The Vietnam News Agency reports that PVI is the fire insurer of the firm. The estimated compensation amount in the contract is about VNĐ150 billion.

Residents at the 54 Hạ Đình Apartment Building were reportedly “heavily affected by mercury leakage caused by the fire”. After the fire, 95 per cent of the households had to be evacuated. Affected households requested the company pay compensation for those who lived within 100m of the blaze.

RAL was asked to pay medical treatment costs of up to VNĐ4 million per person, rent of up to VNĐ60 million per household, and income loss caused by the fire of between VNĐ6-8 million per person.

RAL’s deputy director Trần Trung Tướng said it would respond to the residents soon.

RAL reported revenue of VNĐ2.7 trillion), a year-on-year increase of 20 per cent, and profit before tax of VNĐ205 billion, an increase of 21 per cent.

It also planned to move the factory out of the inner city and was expected to spend VNĐ800 billion to build a new factory in Hòa Lạc Hi-Tech Park.

The firm will also spend VNĐ42 billion ($1.8 million) to buy houses as offices and warehouses for two branches in southern Biên Hoà City and one branch in the central highlands of Việt Nam. — VNS