Acrophyte Hospitality Trust

Acrophyte Hospitality Trust H2 DPS falls 50.7% to US$0.00418 on reduced portfolio size

Its full-year distributable income drops on portfolio resizing and renovations

The family of property tycoons Gordon and Celine Tang now owns the managers of Suntec Reit and Acrophyte Hospitality Trust.
HOCK LOCK SIEW

As one Chinese billionaire family builds its S-Reit empire, what does it mean for minority investors?

The consolidation of power under the Tang family comes with some potential for growth, but also a fair share of uncertainty

The Tang Organization, owned by property tycoon couple Gordon and Celine Tang (above), holds a 65.43% stake in GRC.

Construction firm GRC ends 5.3% higher on Monday after over 40% surge in past week

The renamed OKH Global is largely controlled by Gordon and Celine Tang’s real estate firm