Chairman Ching's salary band in FY2018 was S$11,750,000 to S$12,000,000, according to the AR.
Still extraordinary sum but it is lower than the $15,500,000 to $15,750,000 band that he was in in FY2017.
The huge sum was the subject of criticism from shareholders at the FY2017 AGM, according to my friends. Basically, the formula for his remuneration was set during IPO and shareholders called for a revision.
Oxley receives Expression of Interest to buy Chevron House for $1.025 b.
Oxley completed purchase of Chevron 12 months ago in March 2018 for $660 million, and spent x on Asset Enhancement Initiative.
All in, it's a hugely profitable sale if it materialises.