<p>[新加坡] Acrophyte Hospitality Trust 的审计师对该新加坡上市的酒店集团能否在 9 月份到期的 1.985 亿美元贷款上进行再融资表示怀疑，指出其持续运营能力存在重大不确定性。</p>
<p>审计师指出，尽管该合并集团的管理层已从贷款银行获得了非约束性的融资意向，但正式谈判和尽职调查预计要等到贷款到期日临近时才会进行。</p>
<p>因此，任何再融资的时间和条款仍然不确定，管理层在周一（4 月 13 日）的一份交易所公告中表示。</p>
<p>截至 2025 年 12 月 31 日，该合并集团及其房地产投资信托的净流动负债分别为 1.813 亿美元和 1.662 亿美元，而其商业信托的净流动负债为 3340 万美元。</p>
<p>管理层表示，他们对 Acrophyte Hospitality Trust 能够获得所需再融资的能力保持信心，指出贷款银行在过去的再融资活动中一贯提供支持的良好记录。</p>
<p>他们还指出，审计意见仍然是无保留的，并且 2025 财年的财务报表仍然是基于信托将继续运营的前提下编制的。</p>
<p>另见</p>
<p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/b537ffb7a57a3165adf5b4c9fe50795e7df94301b30ba85b263e8b3904766a74/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/b537ffb7a57a3165adf5b4c9fe50795e7df94301b30ba85b263e8b3904766a74/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p>
<h3>危中有机：新海怡 29 岁继承人如何重塑房地产集团的下一个篇章</h3>
<p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/c01124f37793d3904405614dbf9365322ca3e2e15d4a15354b678dca6004ce27/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/c01124f37793d3904405614dbf9365322ca3e2e15d4a15354b678dca6004ce27/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p>
<h3>Acrophyte Hospitality Trust H2 每股分红下降 50.7% 至 0.00418 美元，因投资组合规模缩减</h3>
<p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/ec7d4b2abe5b5c03ab215cc75bcfa9183b9a0086e70f9b79aa247ec984af4177/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/ec7d4b2abe5b5c03ab215cc75bcfa9183b9a0086e70f9b79aa247ec984af4177/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p>
<h3>建筑公司 GRC 周一上涨 5.3%，在过去一周上涨超过 40% 后</h3>
<h3>在新的全球秩序中导航亚洲</h3>
<p>将洞察力送到您的邮箱。</p>
<p>审计师的担忧正值 Acrophyte Hospitality Trust 正在进行自 2025 年 5 月启动的战略审查。该合并集团正在与其赞助商 Tang Organization（前称 Chip Eng Seng Corporation）就可能的交易进行谈判。</p>
<p>Acrophyte Hospitality Trust 的投资组合包括 31 家高档精选服务酒店，共有 4061 个房间，分布在美国 16 个州，品牌包括凯悦、万豪和希尔顿。</p>
<p>Acrophyte Hospitality Trust 的合并证券在周一的交易中持平，最后交易价格为 0.255 美元。</p>
<p>解码亚洲通讯：您在新的全球秩序中导航亚洲的指南。点击此处注册以获取解码亚洲通讯，送到您的邮箱，免费。</p>

亚腾美国酒店

<p>Acrophyte Hospitality Trust 面临着关于其在九月份到期的 1.985 亿美元贷款再融资能力的不确定性，因为审计师对其运营持续性表示怀疑。虽然已经注意到银行的非正式兴趣，但正式谈判尚未开始。该集团截至 2025 年 12 月 31 日报告了显著的净流动负债。尽管存在这些担忧，管理层对获得再融资仍持乐观态度，指出过去得到了贷款方的支持。该信托目前正在进行战略审查，并与其赞助商 Tang Organization 进行潜在交易的讨论</p>

<p>[SINGAPORE] Acrophyte Hospitality Trust’s auditors have raised doubts about whether the Singapore-listed hospitality group can refinance a US$198.5 million loan that falls due in September, flagging a material uncertainty over its ability to continue operating.</p>
<div class="lb-trans"><p>[新加坡] Acrophyte Hospitality Trust 的审计师对该新加坡上市的酒店集团能否在 9 月份到期的 1.985 亿美元贷款上进行再融资表示怀疑，指出其持续运营能力存在重大不确定性。</p>
</div><p>The auditors noted that while the managers of the stapled group have obtained non-binding expressions of interest from lending banks for the refinancing, formal negotiations and due diligence are expected to take place only closer to the loan’s maturity date.</p>
<div class="lb-trans"><p>审计师指出，尽管该合并集团的管理层已从贷款银行获得了非约束性的融资意向，但正式谈判和尽职调查预计要等到贷款到期日临近时才会进行。</p>
</div><p>The timing and terms of any refinancing therefore remain uncertain, the managers said in a bourse filing on Monday (Apr 13).</p>
<div class="lb-trans"><p>因此，任何再融资的时间和条款仍然不确定，管理层在周一（4 月 13 日）的一份交易所公告中表示。</p>
</div><p>As at Dec 31, 2025, the stapled group and its real estate investment trust arm reported net current liabilities of US$181.3 million and US$166.2 million respectively, while its business trust arm had net current liabilities of US$33.4 million.</p>
<div class="lb-trans"><p>截至 2025 年 12 月 31 日，该合并集团及其房地产投资信托的净流动负债分别为 1.813 亿美元和 1.662 亿美元，而其商业信托的净流动负债为 3340 万美元。</p>
</div><p>The managers said they remain confident in Acrophyte Hospitality Trust’s ability to secure the required refinancing, pointing to the lending banks’ track record of consistent support in past refinancing exercises.</p>
<div class="lb-trans"><p>管理层表示，他们对 Acrophyte Hospitality Trust 能够获得所需再融资的能力保持信心，指出贷款银行在过去的再融资活动中一贯提供支持的良好记录。</p>
</div><p>They also noted that the audit opinion remains unqualified, and that the FY2025 financial statements were still prepared on the basis that the trust will continue operating.</p>
<div class="lb-trans"><p>他们还指出，审计意见仍然是无保留的，并且 2025 财年的财务报表仍然是基于信托将继续运营的前提下编制的。</p>
</div><p>SEE ALSO</p>
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<div class="lb-trans"><h3>危中有机：新海怡 29 岁继承人如何重塑房地产集团的下一个篇章</h3>
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<h3>Acrophyte Hospitality Trust H2 DPS falls 50.7% to US$0.00418 on reduced portfolio size</h3>
<div class="lb-trans"><h3>Acrophyte Hospitality Trust H2 每股分红下降 50.7% 至 0.00418 美元，因投资组合规模缩减</h3>
</div><p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/ec7d4b2abe5b5c03ab215cc75bcfa9183b9a0086e70f9b79aa247ec984af4177/query-ZHByPTEmZj13ZWJwJnc9MjQw" alt="" original-src="https://cassette.sphdigital.com.sg/image/businesstimes/ec7d4b2abe5b5c03ab215cc75bcfa9183b9a0086e70f9b79aa247ec984af4177?w=240&amp;dpr=1&amp;f=webp"/></p>
<h3>Construction firm GRC ends 5.3% higher on Monday after over 40% surge in past week</h3>
<div class="lb-trans"><h3>建筑公司 GRC 周一上涨 5.3%，在过去一周上涨超过 40% 后</h3>
</div><h3>Navigate Asia in  a new global order</h3>
<div class="lb-trans"><h3>在新的全球秩序中导航亚洲</h3>
</div><p>Get the insights delivered to your inbox.</p>
<div class="lb-trans"><p>将洞察力送到您的邮箱。</p>
</div><p>The auditors’ concerns come as Acrophyte Hospitality Trust is in the middle of a strategic review launched in May 2025. The stapled group is in talks with its sponsor Tang Organization – formerly known as Chip Eng Seng Corporation – over a possible deal.</p>
<div class="lb-trans"><p>审计师的担忧正值 Acrophyte Hospitality Trust 正在进行自 2025 年 5 月启动的战略审查。该合并集团正在与其赞助商 Tang Organization（前称 Chip Eng Seng Corporation）就可能的交易进行谈判。</p>
</div><p>Acrophyte Hospitality Trust’s portfolio comprises 31 upscale select-service hotels with a total of 4,061 rooms across 16 US states, franchised under brands including Hyatt, Marriott and Hilton.</p>
<div class="lb-trans"><p>Acrophyte Hospitality Trust 的投资组合包括 31 家高档精选服务酒店，共有 4061 个房间，分布在美国 16 个州，品牌包括凯悦、万豪和希尔顿。</p>
</div><p>Stapled securities of Acrophyte Hospitality Trust last traded flat at US$0.255 on Monday before the announcement.</p>
<div class="lb-trans"><p>Acrophyte Hospitality Trust 的合并证券在周一的交易中持平，最后交易价格为 0.255 美元。</p>
</div><p>Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.</p>
<div class="lb-trans"><p>解码亚洲通讯：您在新的全球秩序中导航亚洲的指南。点击此处注册以获取解码亚洲通讯，送到您的邮箱，免费。</p>
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亚腾美国酒店因 1.985 亿美元贷款将于 9 月到期，其维持运营的能力受到质疑