Forchn has also informed the manager that it is working on solutions to discharge the remaining two illegal mortgages imposed over Fuzhou E-Commerce and Fuheng Warehouse.
The manager of EC World REIT says its sponsor, Forchn Holdings, has provided it with a real estate mortgage de-registration certificate issued by the Hangzhou Bureau of Planning and Natural Resources. The certificate, dated Jan 16, states that the illegal mortgage imposed over the REIT’s Hengde Logistics property has been discharged.
The manager has confirmed the news after issuing a separate request to its onshore security agent to ensure that the information it had received was accurate.
