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EC World REIT (ECW)
REITs
Long-stop date for EC World REIT’s proposed divestment extended to Oct 31
As at July 10, a total of RMB333.03 million ($62.1 million) – out of the equity consideration of RMB1.37 billion - has been paid.
July 10, 2023
REITs
EC World REIT granted waiver to divest Chinese logistics properties
The proposed divestment must now be completed by Oct 31.
June 14, 2023
REITs
EC World REIT's manager says onshore and offshore bank loans are fully refinanced
"The refinancing of the existing onshore bank loans and the existing offshore bank loans have been fully completed."
June 06, 2023
REITs
EC World REIT's lenders to extend mandatory repayment deadline to May 31
As at May 1, the REIT owes some $75.7 million, which is in line with what was disclosed in its announcement on March 17.
May 01, 2023
REITs
EC World REIT has partially repaid its outstanding mandatory repayment
Some RMB140.2 million and RMB58.6 million were used to partially repay the REIT’s existing offshore and onshore bank loans.
February 12, 2023
REITs
EC World REIT's lenders to extend mandatory repayment deadline to Feb
Units in EC World REIT closed flat at 44.5 cents on Dec 30.
January 03, 2023
REITs
EC World REIT's sponsor to fund REIT to pay its lenders a portion of the mandatory repayment by Dec 31
Should the REIT and lenders fail to agree on a debt repayment plan by Dec 31, it would trigger an event of default.
December 27, 2022
Broker's Calls
RHB suspends coverage on EC World REIT due to uncertainties
The brokerage’s last published recommendation on the counter was “neutral” with a target price of 55 cents.
December 13, 2022
REITs
EC World REIT 'remains as a going concern', says REIT manager
Lenders of the REIT's existing offshore and onshore bank loans have asked it to repay the mandatory repayment amount by Dec 31.
November 23, 2022
Broker's Calls
DBS downgrades EC World REIT to 'fully valued' after divestments face potential delay
The analysts have also lowered their target price to 40 cents from 55 cents following the announcement.
November 21, 2022