The latest announcement is out from Prime US REIT ( (SG:OXMU) ).
Prime US REIT has announced significant leadership changes with the appointment of Richard Peter Bren as the new Chairman of the Board, effective March 1, 2025, following the retirement of Professor Annie Koh. This transition aligns with the company’s strategic growth initiatives and stakeholder interests. Additionally, John Robert French will assume the role of Lead Independent Director, strengthening the board’s independent oversight. These appointments are expected to enhance the strategic direction and governance of Prime US REIT, potentially impacting its market positioning and stakeholder confidence.
More about Prime US REIT
Prime US REIT is a real estate investment trust established under the laws of Singapore, focusing on managing and investing in real estate assets. It is managed by Prime US REIT Management Pte. Ltd. and sponsored by KBS Asia Partners Pte. Ltd., which holds a significant stake in the management company.
YTD Price Performance: -10.53%
Average Trading Volume: 3,841,686
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $200.2M
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