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An announcement from Centurion Accommodation REIT ( (SG:8C8U) ) is now available.
Centurion Accommodation REIT has announced the conversion of its subsidiaries, Westlite Dormitory (Toh Guan) Pte. Ltd. and Westlite Dormitory (Woodlands) Pte. Ltd., into limited liability partnerships. This strategic move, in line with the Limited Liability Partnerships Act 2005 of Singapore, allows for tax transparency treatment, potentially benefiting the REIT’s taxable income distribution. The conversion is expected to impact the taxation process, as income will be taxed at the partner level rather than the LLP level, aligning with the REIT’s operational strategies.
More about Centurion Accommodation REIT
Centurion Accommodation REIT is a real estate investment trust based in Singapore, focusing on managing and investing in accommodation assets. It is managed by Centurion Asset Management Pte. Ltd. and has a market focus on dormitory and accommodation facilities.
Average Trading Volume: 25,830,500
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