The Business Times
business-time-50

Corporate digest

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.

Corporate Digest

TRENDING NOW

MAS notes that the possible reassessment of AI-related asset valuations is a key risk factor.

One-third of Singapore-listed firms at risk in severe AI downturn: MAS

“Even though we were making good profits, the valuation we attracted from the market was not that attractive,” says Keppel CEO Loh Chin Hua on the group’s old conglomerate structure.

‘Not done’: Keppel CEO Loh Chin Hua transformed the group, but says there’s ‘still a lot to do’

From left: Pham Nhat Quan Anh, Pham Nhat Vuong, Pham Thu Huong and Pham Nhat Minh Hoang. The couple (centre) remain senior figures in Vingroup, with their children’s presence in the ecosystem growing.

He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons

Patrick Ng, CEO and executive director at Huationg Global, was named the Best CEO in the small-cap category at the 2026 Singapore Corporate Awards. 

‘We don’t want to stay as we are’: CEO Patrick Ng builds a more resilient Huationg

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More