News about Sasseur Real Estate Investment Trust —
Sasseur Reit rejects Xi’an mall offer from sponsor, targets South-east Asia for growth
Sasseur Real Estate Investment Trust (Sasseur Reit) has turned down an offer to acquire a retail outlet mall from its sponsor, said its manager on Tuesday (Jan 27)....read more on The Business Times
The offer was made pursuant to a right of first refusal agreement, as the sponsor – Sasseur Cayman Holding – seeks for the property to be acquired by a commercial Reit to be established and listed on the Shanghai Stock Exchange.