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Croesus Retail Trust looks to take manager in-house for S$50m (Amended)

This may be the first internalisation of an SGX-listed Reit or business trust

Published Sun, Jun 12, 2016 · 09:50 PM

Singapore

IN what may be the first move of its kind here, a mainboard-listed business trust is looking to bring its trustee-manager into its fold.

Croesus Retail Trust (CRT) said on Sunday that the proposed sum for internalising its trustee-manager, Croesus Retail Asset Management, is 4.1 billion yen, or S$50 million.

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Companies & Markets

Companies & Markets

Croesus Retail Trust looks to take manager in-house for S$50m (Amended)

Companies & Markets

Porsche posts Q1 profit drop on ramp-up costs

IBM plots US$730 million expansion of Canadian semiconductor site

Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early

Yeo Guat Kwang, John Chen retiring from corporate boards

US: Wall St opens higher

Air China orders homegrown C919s in challenge to jet duopoly

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