EC World Reit granted more time until May 2026 to submit resumption proposal
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EC World Real Estate Investment Trust (ECW) has been granted an extension by the Singapore Exchange Securities Trading (SGX-ST) until May 2026 to submit a resumption proposal. The waiver is conditional on several factors, including addressing loan repayment obligations and resolving issues related to unauthorized mortgages. ECW's units have been suspended since August 2023, and the extension aims to mitigate financial risks and operational difficulties.
Source: Businesstimes The copyright of this article belongs to the original author/organization.
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