Singapore firms keeping close eye on Shanghai lockdown

SEVERAL Singapore-listed companies, including CapitaLand Investment (CLI), Yanlord Land Group and Nanofilm Technologies, are keeping a close eye on the situation in Shanghai, though most of them do not anticipate a major impact from the Chinese financial hub's lockdown.

The city's local government on Sunday (Mar 27) announced a 2-stage lockdown over a 9-day period to conduct a mass testing blitz, after Covid-19 cases spiked in the financial hub.

The lockdown will last from Mar 28 to Apr 1 for the eastern district known as Pudong, which includes the financial centre and main international airport.