EC World Buyout Negociations Fall Appart

News about EC World REIT

EC World REIT manager is announcing that the consortium which had expressed interest in buying its entire portfolio is backing out:

"The purchasers have informed the manager that, in view of the current market conditions and the fluctuations in exchange rate between the renminbi and Singapore dollars/US dollars, they have decided not to proceed with the potential transaction," the manager added.

EC World REIT
Price0.435 SGD
NAV0.800 SGD
Yield (4 quarters)13.04%
Gearing39.3%