Amid difficult operating conditions, Hong Kong-listed New Century REIT looks set to discard interim distributions for its 1H 2020.
The conditions have arisen largely due to the COVID-19 pandemic, said the REIT.
The China-focused hospitality REIT owns a portfolio of five 5-star hotels, and one 4-star hotel across the country.
These properties were mostly non-operational during the nationwide COVID-19-related lockdowns that gripped China between February and June 2020.
Dear subscribers, please login to continue reading this article.