EC World REIT Addresses Unauthorized Mortgages

EC World Real Estate Investment Trust (SG:BWCU) has released an update.

EC World Real Estate Investment Trust has been actively addressing the issue of unauthorized mortgages imposed on its properties, including Fuzhou E-Commerce, Fuheng Warehouse, and Hengde Logistics. They have provided multiple updates on the situation, including the discharge of the illegal mortgage on Hengde Logistics and ongoing communications with the Singapore Exchange Securities Trading Limited (SGX-ST) and Securities Investors Association (Singapore). The trust’s management is working diligently to resolve these issues and ensure the legality of the mortgages.

For further insights into SG:BWCU stock, check out TipRanks’ Stock Analysis page.