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The Risk of Buying Reits Having Chinese Properties
revealer

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#1

03-01-2024, 07:09 AM
The manager of EC World Reit said in a bourse filing on Tuesday (Jan 2) that 3 properties were mortgaged without their consent.  These properties are Fuzhou E-Commerce, Fu Heng Warehouse, and Hengde Logistics.  They were mortgaged between Nov 20, 2023, and Nov 24, 2023, in favor of two Fuyang government-linked entities in China.  Trading of EC World Reit in SGX,  was suspended in August 2023.

http://tinyurl.com/338fa78h
Trading Economics:  In China, employed persons refer to who performed some work for one hour during the reference period.
(This post was last modified: 03-01-2024, 07:24 AM by revealer.)
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revealer

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#2

03-01-2024, 07:26 AM
https://asia.nikkei.com/Spotlight/Market...REITs-back
Trading Economics:  In China, employed persons refer to who performed some work for one hour during the reference period.
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revealer

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#3

03-01-2024, 07:29 AM
https://sg.finance.yahoo.com/news/why-re...00513.html
Trading Economics:  In China, employed persons refer to who performed some work for one hour during the reference period.
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K88 shu shu

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#4

03-01-2024, 07:38 AM
not surprising.
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sgbuffett

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#5

03-01-2024, 07:42 AM
This has nothing to do with China property market but total lack of integrity in the way they do business and poor governance.

While the govt created a surveillance state and monitor citizens over very small things,  certain areas just run wild like account lapses....we saw it first hand with collapse of s chips account fraud was widespread and nobody was charged.

SGX has to be blind to keep allowing fraudulent China companies to raise funds here. They should be banned until a governance framework is in place to enable checks from Singapore governance bodies.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
(This post was last modified: 03-01-2024, 07:43 AM by sgbuffett.)
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