Singapore firms shut China malls, cut hours amid outbreak

Singapore

REAL estate behemoth CapitaLand and other Singapore-listed retail plays have temporarily closed, shortened the hours or shut certain businesses at their malls in China.

This comes as nations worldwide grapple with the coronavirus outbreak that has seen the death toll and the number of infections climb higher each day.

In a regulatory filing on Wednesday, CapitaLand said it has closed six malls in China - four in Wuhan and two in Xian - as required by local governments following the outbreak.

Nonetheless, supermarkets in CapitaMall Westgate in Wuhan and CapitaMall Xindicheng in Xian remain open to ensure the supply …