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Xindi: In March, rent reduction according to individual merchants is assessing the impact of the epidemic in April and beyond

2020-04-06T11:21:35.392Z


The New Coronary Pneumonia epidemic has been raging for many months. The Land Construction Association has recommended that members reduce rents for tenants of its shopping malls. Xindi (0016) stated that, following the individual conditions for shopping mall merchants in February,


Financial News

Written by: Lin Leqian

2020-04-06 19:05

Date of last update: 2020-04-06 19:05

The New Coronary Pneumonia epidemic has been raging for many months. The Land Construction Association has recommended that members reduce rents for tenants of its shopping malls. SHKP (0016) stated that following the reduction of the basic rent of 30 to 50% for shopping mall merchants in February according to individual circumstances, in view of the continued severe situation of the epidemic, the rent has been reduced according to the actual situation of individual industries and merchants in March It can alleviate the business pressure of merchants (especially SMEs), especially those who employ a large number of front-line employees, hoping to protect the livelihood of ordinary employees as much as possible.

The Group continued to indicate that it will continue to pay close attention to the impact of the epidemic in April and beyond on various industries, and actively maintain close communication with merchants to provide appropriate relief measures.

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SHKP Mall

Source: hk1

All news articles on 2020-04-06

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