The Business Times

EC World Reit

Companies & Markets

EC World Reit’s H1 net property income falls 60.3% to S$18.7 million

The manager is actively exploring options to divest some or all of the group’s properties to pare down existing facilities with cash proceeds in order to refinance or restructure its debt. 
Companies & Markets

EC World Reit’s Q1 net property income more than halves to S$10.8 million as it looks to sell more assets to repay debt 

Fu Heng Warehouse, a purpose-built e-commerce distribution centre comprising warehousing, logistics, parcel producing and sorting. This is one of six properties in EC World Reit's portfolio.
Companies & Markets

EC World Reit appoints new property managers, port operator

Fu Heng Warehouse, a purpose-built e-commerce distribution centre comprising warehousing, logistics, parcel producing and sorting. This is one of six properties in EC World Reit's portfolio.
Reits & Property

EC World Reit’s Q4 net property income more than halves to S$11.2 million

The unauthorised mortgage for Fu Heng Warehouse has been discharged.
Companies & Markets

‘Wrong instructions’ by EC World Reit sponsor CEO led to illegal mortgages, says legal counsel

The Reit reports a 8 per cent drop in gross revenue to S$51.2 million in H1, from S$55.7 million a year ago.
Companies & Markets

EC World Reit H1 DPU down 18.6% to S$0.01671 on lower revenue, higher operating expenses

Stage 1 Properties of Bei Gang Logistics, one of the largest e-commerce developments in the Yangtze River Delta in Shanghai, China, and among the properties in EC World Reit’s portfolio. A subsidiary of its sponsor has failed to repay a loan with a principal amount of US$10 million.
Companies & Markets

Subsidiary, chairman of EC World Reit’s sponsor liable for US$11.3 million after loan default

Stage 1 Properties of Bei Gang Logistics, one of the seven properties in EC World Reit's portfolio. EC World Reit's NPI fell 10.6 per cent to S$23.3 million in the first quarter, from S$26.1 million.
Companies & Markets

EC World Reit Q1 calculated DPU down 19.8% to S$0.00904 on lower revenue, higher financing cost

Fu Heng e-commerce warehouse, an asset owned by EC World Reit. Its manager is engaging brokers to divest its assets through market sales amid the Reit's financial difficulties.
Companies & Markets

EC World Reit posts calculated Q4 DPU of S$0.0069 as distributions stay suspended

The illegal mortgages imposed over Fuzhou E-Commerce and Fuheng Warehouse have not been discharged as of Thursday (Feb 2), as the sponsor Forchn Holdings is still exploring various options to discharge the mortgages.
Companies & Markets

EC World Reit seeks legal action against sponsor in China as illegal mortgages not removed by deadline

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