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| MISCELLANEOUS :: CORRIGENDUM - NEWS RELEASE - PAN HONG’S MANAGEMENT LEADING FROM THE TOP TO REDUCE COSTS |
| * Asterisks denote mandatory information |
| Name of Announcer * | PAN HONG PROPERTY GROUP LTD | | Company Registration No. | 37749 | | Announcement submitted on behalf of | PAN HONG PROPERTY GROUP LTD | | Announcement is submitted with respect to * | PAN HONG PROPERTY GROUP LTD | | Announcement is submitted by * | Wong Lam Ping | | Designation * | Executive Chairman | | Date & Time of Broadcast | 22-Jan-2009 17:36:05 | | Announcement No. | 00098 |
| The details of the announcement start here ... |
| Announcement Title * | CORRIGENDUM - NEWS RELEASE - PAN HONG’S MANAGEMENT LEADING FROM THE TOP TO REDUCE COSTS | | Description | With reference to the announcement (no. 00450) released today, titled "News Release - Pan Hong"s management leading from the top to reduce costs", the Company wishes to clarify that its management team has agreed to reductions ranging from 10% to 20% with respect to their annual salaries for the year 2008. The management will continue to assess business conditions and the Group"s financial performance to decide if a similar exercise has to be implemented for 2009.
Please refer to the enclosed revised news release.
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