- About 170 employees will be affected by the decision, the company said in its statement, adding that they will be ” fully compensated” according to local employment laws and regulations.
- In the six months ended Sep 30, the Group’s turnover for the Singapore operations was S$17.36 million, a decline of 4.6 per cent.
- Sasa said it has decided to concentrate its resources on the markets in Hong Kong, Macau, mainland China and Malaysia, as well as its e-commerce business.
- It added that the termination of the leases in Singapore is not expected to have any significant impact on the operations of the Group, as the Group operates a total of 265 stores.
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