Forchn Holdings Group

The manager said it is seeking legal advice for the possible termination of the proposed divestment among other things.

The continued suspension of the REIT’s units will provide it more time to work on resolving its “uncertainties”.

SINGAPORE (Oct 24): RHB Research likes EC World REIT for its strategic market positioning and favourable logistics outlook, post a recent visit to the REIT’s assets in Hangzhou that mainly cater to the e-commerce, logistics and supply-chain segments.

SINGAPORE (Mar 19): Hangzhou, where Alibaba’s global HQ is located, could see an increase in demand for warehouse facilities investment given the city's direct exposure to China's booming online shopping sector, says Phillip Capital.

SINGAPORE (Jan 20): EC World Asset Management has appointed Alvin Cheng as its new executive director and deputy chief executive officer (CEO) with immediate effect.