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EC World Reit adds new substantial unitholder in US$40m deal

The last filed director transaction for ECW was in December 2017, when executive director and CEO Alvin Cheng acquired 20,000 units at S$0.7575 per unit, taking his direct stake in the Reit to 0.0127 per cent.

THE five trading sessions spanning Feb 2 to Feb 8 saw the Straits Times Index (STI) decline 3.7 per cent. This brought its 2018 total return through to Feb 8 to 0.5 per cent, compared to an average 1.0 per cent decline for the benchmarks of Japan, Hong Kong and Australia.

There were two...

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