IREIT Global's Munster Campus. (Photo: IREIT Global)

Chinese real estate developer Tong Jinquan has disposed off 127 million units of Singapore-listed IREIT Global via companies that he controls.

The companies are namely Shanghai Summit, and Goodness Investments Limited.

Units of the REIT were disposed by these companies via share purchase agreements, and an open market transaction.

Related: CDL acquires stakes in IREIT Global and its manager

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.