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OUE H-Trust's DPS hit by rights issue

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REDUCED OCCUPANCY: Due to slower lease renewals and more fit-out periods, Mandarin Gallery is expected to record lower average occupancy in fiscal 2016.

Singapore

OUE Hospitality Trust (OUE H-Trust) warned of challenging times in the tourism industry, as it reported on Friday a lower distribution for its first quarter, dragged lower by its recent rights issue.

It said distribution per stapled security (DPS) fell 31.7 per cent in