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China tycoon sells S$14m of ESR-Reit and IReit units in a fortnight

Tong Jinquan has pared his stake in ESR-Reit from 30.74% to 29.73% and in IReit from 34.4% to 32.89%


CHINESE tycoon Tong Jinquan has sold nearly S$14 million worth of units in Singapore-focused industrial landlord ESR-Reit and European commercial Reit IReit Global over the past two weeks, amid a broad Reit sector sell-off.

Disclosures filed with the Singapore Exchange...