Aims Financial Group raises stake in Aims Apac Reit to 18.7%
The units were acquired from substantial unitholder, ESR HK Management, which is part of ESR Group
[SINGAPORE] Aims Financial Group raised its stake in Aims Apac Reit to nearly 18.7 per cent, after acquiring an additional 7 per cent stake of over 57 million units in the trust, the manager said.
The units were acquired from substantial unitholder, ESR HK Management, which is part of ESR Group.
George Wang, chairman of the manager and executive chairman of Aims Financial Group, said: “Our increased stake in Aims Apac Reit reflects our confidence in the trust’s long-term growth potential, the management’s execution capability and our unwavering commitment to creating long-term value for all unitholders.”
Russell Ng, chief executive officer of the manager, added: “The sponsor’s increased stake in Aims Apac Reit deepens alignment with us... Our focus remains on delivering resilient and stable income over the long term for our unitholders.”
For the second half ended Mar 31, the manager of Aims Apac Reit reported a higher distribution per unit of S$0.0493, up 4.7 per cent from S$0.0471 for the same period the year before, citing resilient operational performance.
Aims Apac Reit holds over S$2.1 billion in total assets and has a market capitalisation of about S$1.1 billion.
Units in Aims Apac Reit ended Friday 0.8 per cent or S$0.01 higher at S$1.33 before the news.
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