Corporate digest

Huationg Global

CATALIST-LISTED civil engineering firm Huationg Global on Wednesday said its chairman and two executive directors have taken a voluntary pay cut of 20 per cent of their basic salary to help the group cope with the impact of the Covid-19 pandemic. The salary reduction took effect on April 1, 2020 and will be subject to further review.

Huationg Global also noted that most construction works for the group's ongoing projects will be suspended during the month-long "circuit-breaker" period. It added that there will be "significant disruptions" to its business and operations that may adversely impact the group's revenue and financial performance.