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The latest announcement is out from EC World Real Estate Investment Trust ( (SG:BWCU) ).
EC World Real Estate Investment Trust announced the resignation of Mr. Zhang Guobiao as a non-independent and non-executive director following his bankruptcy declaration by the Singapore High Court. Mr. Zhang’s significant equity interest in the sponsor could lead to a change in control of the sponsor and potentially EC World REIT, impacting its operations and stakeholders.
More about EC World Real Estate Investment Trust
EC World Real Estate Investment Trust is a real estate investment trust based in Singapore, focusing on logistics and e-commerce properties. It is managed by EC World Asset Management Pte. Ltd., with a significant market presence due to its substantial equity interest held by its sponsor, Forchn Holdings Group Co., Ltd.
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$226.8M
Find detailed analytics on BWCU stock on TipRanks’ Stock Analysis page.