SINGAPORE, Feb 23 (Reuters) - CapitaLand CATL.SI, Southeast Asia's largest developer and Singapore's biggest mall operator, will pay part of its managers' bonuses this year in shopping vouchers.
“Staff will receive shopping vouchers in March, and the amounts range from S$750 to S$10,000,” a CapitaLand spokeswoman said. “About S$1 million ($654,000) worth of vouchers will be distributed in total.”
CapitaLand earlier this month said it will raise around S$1.84 billion via a rights issue after reporting an 88 percent slump in fourth-quarter net profit due to weaker sales in Australia and China. (Reporting by Kevin Lim, Editing by Ian Geoghegan)
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