The trustee-manager of Sasseur REIT has disposed of 3 million units via a married deal on Sept 25.
The units were sold for $1.98 million or 66 cents per unit.
Following the transaction, the trustee-manager has a 2.513% stake in the REIT, down from 2.753% previously.
The married deal has also lowered Xu Rongcan’s direct and deemed stake to 57.77%, down from 58.01% previously. Xu is the REIT’s non-executive and non-independent chairman.
Units in Sasseur REIT closed 1 cent lower or 1.47% down at 67 cents on Sept 25.
