Brief: Palace Banquet Says Group May Temporarily Suspend Operations Of Some Of Its Restaurants

Easyhold group

21/02/2020 09:31

Feb 21 (Reuters) - Palace Banquet Holdings Ltd  1703.HK :
    * EXECUTIVE DIRECTORS, CHAIRMAN, CEO TO IMPLEMENT TEMPORARY
30%
REDUCTION OF THEIR RESPECTIVE REMUNERATION FOR TWO MONTHS
    * IF CO'S FINANCIAL SITUATION DOES NOT IMPROVE DUE TO VIRUS,
EXECUTIVE DIRECTORS MAY FURTHER EXTEND TEMPORARY REDUCTION OF
REMUNERATION
    * GROUP MAY TEMPORARILY SUSPEND OPERATIONS OF SOME OF ITS
RESTAURANTS WHICH ARE EXPECTED TO RESULT IN GROSS LOSS

Source text for Eikon:  ID:nHKS8MRt3T 
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 ((Reuters.Briefs@thomsonreuters.com;))