Brief: Ec World Real Estate Investment Trust Updates Unitholders On COVID-19 Situation

EC World Real Estate Investment Trust

03/04/2020 11:35

April 3 (Reuters) - Ec World Real Estate Investment Trust
 ECWO.SI :
    * UPDATE TO UNITHOLDERS ON COVID-19 SITUATION
    * TENANTS' OPERATIONS AT EC WORLD REIT'S HANGZHOU ASSETS
EXPERIENCED A SLOWDOWN DUE TO SHORTER OPERATIONAL PERIOD
    * MANAGER WOULD BE PROVIDING CASH RENTAL REBATES OF ABOUT
RMB 23.7
MILLION TO TENANTS WITHIN ITS PORTFOLIO
    * LOCKDOWN IN WUHAN NEGATIVELY IMPACTED OPERATIONS OF WUHAN
MEILUOTE
    * FEES FOR BOARD DIRECTORS OF MANAGER WILL ALSO BE REDUCED
BY 10%
FOR 3-MONTH PERIOD FROM APRIL 2020 TO JUNE 2020
    * FEES FOR BOARD DIRECTORS OF MANAGER ALSO TO BE REDUCED BY
10%
FOR 3-MONTH FROM APRIL TO JUNE 2020
    * CEO, CHIEF INVESTMENT OFFICER & DEPUTY CFO OF MANAGER TO
TAKE
10% REDUCTION IN REMUNERATION FOR 3 MONTHS

Source text for Eikon:  ID:nSNZ54bhqn 
Further company coverage:  ECWO.SI 

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