Sasseur Reit extends 308 million yuan sponsor loan maturity by a year
Tay Peck Gek
A SASSEUR Real Estate Investment Trust (Reit) ’s wholly-owned subsidiary has extended an unsecured interest-bearing loan of 308 million yuan (S$58.1 million) from its sponsor by a year, the Reit’s manager announced on Thursday (Dec 7).
In a filing to the Singapore Exchange, Sasseur Asset Management said that the loan from a wholly-owned subsidiary of sponsor Sasseur Cayman Holding has been extended by another year from March 2024 to March 2025.
In February 2023, the parties entered into a one-year loan agreement with extension for up to another year with mutual agreement. The terms and conditions of the sponsor loan agreement remain unchanged under the extension, but were not disclosed in the bourse filings.
Units of the China-based retail outlet mall Reit closed flat at S$0.695 on Thursday, before the announcement.
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