Sasseur Reit

Manager notes proposed acquisition will result in material dilution of DPU and NAV per unit, based on reasonable funding costs assumption

Total outlet sales cross one billion yuan in the quarter

The 46-year-old will pursue ‘other business opportunities in China’

Distributable income stands at S$42.4 million for the period, down 0.6% from S$42.7 million in H1 2024

The rate is pegged to China’s five-year loan prime rate

However, rental income was lower in Singapore dollar, due to depreciation of yuan

The board said Tan is resigning to pursue other professional interests

The distribution will be paid on Mar 27, after the record date on Mar 18

Rental income in Singapore-dollar terms declines 3.6% due to depreciation of the yuan against the Singapore dollar