March 9, 2020 / 10:33 AM / a month ago

BRIEF-Giordano International Says Coronavirus Will Continue To Impact Markets Where Co Operates

March 9 (Reuters) - Giordano International Ltd:

* EPIDEMIC WILL CONTINUE TO IMPACT MARKETS WITHIN WHICH CO OPERATES

* CHAIRMAN AND CHIEF EXECUTIVE IMPLEMENTED 50% VOLUNTARY REDUCTION IN SALARY

* ENGAGED IN TALKS WITH LANDLORDS, PURSUING RENTAL WAIVERS & REDUCTIONS FOR GIORDANO STORES IN VARIOUSMARKETS DURING PERIOD

* EXECUTIVE DIRECTORS AND SENIOR MANAGEMENT TEAM MEMBERS IN HK HAVE EACH IMPLEMENTED 30% VOLUNTARY REDUCTION IN SALARIES

* EXEC DIRECTORS AND SENIOR MANAGEMENT TEAM MEMBERS IN HK HAVE EACH IMPLEMENTED A 30% VOLUNTARY REDUCTION IN SALARIES

* ABOUT 15 MANAGEMENT TEAM MEMBERS FROM HK, MACAU, MAINLAND CHINA HAVE IMPLEMENTED 20% AND 10% VOLUNTARY REDUCTIONS IN SALARIES

* ALL VOLUNTARY SALARY REDUCTIONS FOR A PERIOD OF THREE MONTHS, WITH EFFECT FROM MARCH 1, 2020 Source text for Eikon: Further company coverage:

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