HK-listed Yuexiu REIT tumbles to over 32-week low

Yuexiu Real Estate Investment Trust

06/03/2020 03:49

** Hong Kong-listed Yuexiu Real Estate Investment Trust
 0405.HK  shares tumble as much as 7% to their lowest since June
22, 2017
    ** The percentage drop is the largest since 2008
    ** Yuexiu REIT's distribution income in 2019 drops 10.4% to
761.2 million yuan ($109.5 million)  urn:newsml:reuters.com:*:nL4N2AY2SF
    ** It said on Thu its retail and hotel businesses will be
under pressure in H1 due to the coronavirus outbreak
    ** However, it sees office rental income growing in 2020 and
stable occupancy rate on strong tenant demand
    ** Hang Seng Index  .HSI  is down 2%
    
($1 = 6.9544 Chinese yuan)

 ((Reuters Messaging: clare.jim.thomsonreuters.com@reuters.net))