BHG Retail REIT Secures Loan Rollover Amid Ownership Conditions
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BHG Retail REIT has secured a S$252 million loan rollover, maturing in three years, with conditions requiring Beijing Hua Lian Group and Beijing Hualian Department Store to maintain at least 30% ownership. Failure to meet these conditions may trigger a default affecting S$245 million in facilities and the trust's financial stability. BHG Retail REIT, established in 2015, focuses on retail properties and has a current market cap of S$233.8 million. Year-to-date price performance is -2.22% with a strong buy consensus rating.
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