Genting Singapore says chairman Lim Kok Thay took more than 50% pay cut in FY20, not big increment

Genting Singapore says chairman Lim Kok Thay took more than 50% pay cut in FY20, not big increment

The Edge Markets - World·2021-03-27 05:01

KUALA LUMPUR (March 26): Genting Singapore Ltd (GENS) today clarified its executive chairman Tan Sri Lim Kok Thay received less than S$5 million — excluding accruals — as his remuneration for the financial year ended Dec 31, 2020 (FY20).

The amount was more than a 50% reduction over the previous year, the casino operator stressed that Lim's salary did not double as the media reported earlier.

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