Oriental Weavers Carpets Company (S.A.E) (CASE:ORWE) announced that Oriental Weavers (Tianjin) Co., Ltd. has no any significant impacts on its operations or the consolidated financial statements, according to a press release. This came on the sidelines of the meeting of Oriental Weavers Carpets’ board of directors to decide on selling or liquidating its unit in China. The company’s management has fully covered impairment charges in its Chinese unit to face the current events in China, including trade slowdown amid the Covid-19 pandemic, and any sudden future impacts. On December 8, 2021, Oriental Weavers’ board decided to assign the executive management to study the situation of the Chinese unit to decide on selling or liquidating it.