EC World Real Estate Investment Trust (SG:BWCU) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
EC World Real Estate Investment Trust faces a financial hiccup as its subsidiary FIPL fails to repay a $10 million loan, with an accrued interest of over $1.29 million, despite securing it with a substantial number of units and a personal guarantee by Mr. Zhang. The loan, intended for a six-month term, puts EC World REIT’s financial management into the spotlight, with unitholders being informed of the developing situation.
For further insights into SG:BWCU stock, check out TipRanks’ Stock Analysis page.