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Sheng Siong CEO's 2024 pay jumps 20.6% to $7.06m
The Straits Times
|April 08, 2025
Supermarket operator Sheng Siong's chief executive Lim Hock Chee received $7.06 million in total compensation for the financial year 2024, an increase of 20.6 per cent from $5.86 million in the prior year.
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Based on Sheng Siong's annual report released on April 4, Mr Lim received a base salary of $373,000, a variable bonus of $6.66 million, director's fees of $20,000 and benefits in kind amounting to $16,000.
In comparison, he received a base salary of $374,000, a variable bonus of $5.45 million, director's fees of $20,000 and benefits in kind amounting to $16,000 for the prior year, totalling $5.81 million.
For the 2024 financial year, Mr Lim's brothers - executive chairman Lim Hock Eng and managing director Lim Hock Leng - received total compensation of $7.01 million and $7 million, respectively.
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