Corporate digest

OUE C-Reit

OFFICE space landlord OUE Commercial Real Estate Investment Trust (OUE C-Reit) on Monday said its board of directors has agreed to a voluntary 10 per cent fee cut in light of the escalating Covid-19 situation. The fee cut will apply to directors' fees accrued in respect of the financial year ended Dec 31, 2019, the Reit's manager said in a bourse filing.

Former directors Lim Boh Soon and Jonathan Miles Foxall will be excluded from the fee cut as they had stepped down from the board on Sept 17, 2019, it added.