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.
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