Sasseur Reit drops 10.3% after closures at China malls to guard against virus
Financial impact, if any, should not be material if crisis is resolved in the short term, says manager
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Singapore
UNITS of Sasseur Real Estate Investment Trust (Sasseur Reit) units sank on Tuesday after its manager announced that it has temporarily closed the trust's four outlet malls in China.
The counter ended at 78.5 Singapore cents, down 9 cents or 10.3 per cent, after some 13.5 million units changed hands. Prior to market close, the units had sunk 10 cents or 11.4 per cent to an intra-day low of 77.5 cents at around 9.16am.
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