EC World REIT property, Hengde Logistics. (Photo: EC World REIT)EC World REIT property, Hengde Logistics. (Photo: EC World REIT)

EC World REIT could potentially be faced with cross-defaults in its financial facilities with various lenders, should it fail to repay at least 25% of its offshore loans by 31 December 2022.

Amid this, the REIT has been exhorted by its offshore lenders to divest some of its assets, such that it will be able to meet this repayment condition.


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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.