Daiwa House Logistics Trust's N-E Japan properties sustain 'minor physical damage' from quake
Add BT as a preferred source
THE manager of Daiwa House Logistics Trust DHLU (DHLT) said that 2 of its properties located near the earthquake zone - DPL Sendai Port and DPL Koriyama - have sustained "minor physical damage" from the magnitude 7.4 earthquake that struck the north-east coast of Japan shortly before midnight on Wednesday (Mar 16).
DHLT's manager however said that these findings were based on a preliminary inspection by the property manager in Japan, and the full extent of the damage can only be ascertained after "more detailed assessments".
The trust said there were no casualties reported and all properties currently remain in operation. The manager added that it will continue to monitor the situation and provide further updates when appropriate.
Units of DHLT closed on Thursday at S$0.815 prior to the update, up 0.6 per cent or S$0.005.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
As war unsettles the Gulf, wealthy families reassess where to place capital and relocate
MOH addressing rising healthcare costs, but cannot control commercial insurance decisions: Rahayu Mahzam
