Golden Development acquires 600,000 units of Far East Hospitality Trust

0

Singapore-based property investment company, Golden Development, has acquired 600,000 units of Far East Hospitality Trust as prices of the security hover just above 52-week lows.

Each stapled security comprises of one unit in Far East Hospitality REIT, and a unit in Far East Hospitality Business Trust.

Golden Development is linked to the estate of Ng Teng Fong, the late Singaporean property tycoon which has a significant investments in Hong Kong.

To read the full article, please login or subscribe.

Share.

Comments are closed.