Fallout for listed firms includes pay cuts, closures

Singapore

MORE Singapore-listed companies are feeling the impact of the coronavirus pandemic.

BreadTalk is cutting salaries while Singapore Press Holdings (SPH) has called off a deal to buy aged care homes in Canada, according to regulatory filings by the companies on Monday.

Local media producer mm2 Asia said on Tuesday that its core content production operations and cinema business have taken a hit from the virus outbreak.

Likewise, hospitality group GL Ltd said it is looking to "progressively" close its hotels as bookings have been affected with the virus spreading to Europe and the United Kingdom.

From March till June, BreadTalk's senior management executives will be taking a pay cut of between 30 per cent and 50 per cent while its middle manageme…