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Published Thu, Apr 7, 2022 · 09:50 PM
EC World Reit
THE manager of EC World real estate investment trust (Reit) said the refinancing exercise for all onshore and offshore term loans due in 2022 is in the final stages of negotiation, and believes the Reit can continue operating as a going concern.
The manager was responding to queries from the Singapore Exchange, which noted that EC World Reit's auditors PwC had highlighted a material uncertainty in the FY2021 financial statements related to the Reit's ability to continue as a going concern.
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