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Sponsor of EC World REIT unable to obtain sufficient financing for proposed divestment

Felicia Tan
Felicia Tan • 1 min read
Sponsor of EC World REIT unable to obtain sufficient financing for proposed divestment
The Stage 1 Properties of Bei Gang Logistics. Photo: EC World REIT
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Forchn Holdings Group, the sponsor of EC World REIT says it is unable to obtain sufficient financing for the proposed divestment of Stage 1 Properties of Bei Gang Logistics and Chongxian Port Logistics.

As such, the proposed divestment will not be able to go ahead by the long-stop date, which is at Oct 31.

The date had been extended to Oct 31 from Jan 30 previously, said the REIT in July.

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