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Riku Tanaka
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January 30 14:17

Several Singapore-listed firms close their doors and shorten work schedules in China in the midst of Wuhan virus

Several Singapore-listed firms close their doors and shorten work schedules in China in the midst of Wuhan virus
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The number of cases that resulted in death from the coronavirus contagion in China has jumped to 132. This toll includes the 26 additional reports of deadly cases by Tuesday’s, with 1,459 new cases of infection have been confirmed on the same day.

This brings the current total number confirmed infection cases in China to 5,974, as per the nation's reports on Wednesday.
The most recent Singapore-listed company to make an announcement regarding closures was CapitaLand, which on Wednesday said it has shut down several of its Chinese shopping centers as mandated by local authorities – two in Xi'an and four in Wuhan, the city where the novel coronavirus is believed to have originated.
The aforementioned shopping centers will resume operation when "local condition permit", CapitaLand said in an announcement to the media.
However, the large grocery stores belonging to CapitaLand in Wuhan's CapitaMall Westgate and Xi'an's CapitaMall Xindicheng, will stay open with shorter workdays to provide food, water and other essential living supplies to the nearby neighborhoods.
The other forty five shopping centers that are under CapitaLand’s ownership will also stay open with reduced workdays. CapitaLand noted it will constantly audit working hours in accordance with the respective conditions and regulatory guidelines.
The organization has publicly confirmed that it will continue cooperating with guidelines mandated by health officials and perform all necessary measures including frequent temperature checks for employees and boosting the frequency of common area disinfection and cleaning.
CapitaLand businesses will also perform tracing procedures and has assigned separate quarantine areas on the premises of its businesses for the seclusion of individuals suspected to be tainted with the Wuhan infection.
The Group’s CEO Lee Chee Koon said the organization is intently monitoring any developments.
“We have set up a special task force to coordinate our response across our operations in China and in the various markets where we operate,” he said in the press release.
“To date, the group’s business operations, including in China and Singapore, remain largely stable.”
The Ascott, a large international lodging company that also belongs to CapitaLand, is helping tourists whose travel plans to China have been impeded by the outbreak. The assistance consists of hosting travelers that are forced to remain in the city, and consequently, at the property for a longer period of time and not charging fees for the individuals who had to cancel their stays.
Other firms, such as Dasin Retail Trust, have reported that they have taken precautionary steps as well. The property firm, which is also listed on the Singapore market had said it has cut the operating hours of its five shopping centers in China even further and closed down populous areas in these centers, such as movie theaters and karaoke lounges for the time being.
These measures were taken to “minimize contagious risk due to crowd gatherings”, according to the regulatory filing by trustee-manager of the property trust.
The bourse filing also noted that none of their shopping centers will be closed "unless specifically requested by the government" and will keep its business open for at least six hours daily as per current requirements.
Sasseur Real Estate Investment Trust additionally reported that it has shut the doors of its four outlet shopping centers in China's Chongqing, Bishan, Hefei and Kunming.