EC World Reit down 10.9% on uncertainty over loan refinancing

Singapore

UNITS of EC World real estate investment trust saw massive sell-offs on Friday (Apr 8), with its unit price closing at S$0.655, down S$0.08 or 10.9 per cent, over uncertainties on its ability to refinance its loans.

The counter plunged to a low of S$0.645, down as much as 12.2 per cent at 3.11 pm, with over 10.2 million securities changing hands.