BHG Retail REIT began with an initial portfolio of five retail properties in China. (Photo: REITsWeek)BHG Retail REIT began with an initial portfolio of five retail properties in China. (Photo: REITsWeek)

Singapore-listed BHG Retail REIT disclosed in a filing with the Singapore Exchange (SGX) on 21 March that its Chief Financial Officer (CFO), Chai Hoon Teng, has resigned.

The resignation is effective from the date of announcement and comes barely four months into the REIT's listing.

According to the filing with the SGX, Chai, who was responsible for the retail REIT’s financial, accounting and compliance matters, has resigned to “pursue other interests”. No other reasons were given with regards to his resignation.

BHG Retail REIT debuted on the SGX’s mainboard on 11 December 2015 at SGD0.80. The REIT, which was launched by Chinese retailer Beijing Hualian Group (BHG), raised almost SGD395 million in its initial public offering (IPO).

Units of BHG Retail REIT last changed hands at SGD0.80 on the SGX.

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.