On Aug 28, the manager said that it would not be able to fully repay the offshore interest expenses that were due on Aug 31.
The manager of EC World REIT (SGX:BWCU
) has decided to suspend the trading of its units on a voluntary basis while it seeks to settle its financing obligations.
“The board is in the process of evaluating various options for EC World REIT and will provide unitholders with a further update as and when there are material developments,” reads the statement put out by the REIT manager on the evening of Aug 30.
