The COVID wave that is currently gripping China has ensnared EC World REIT’s divestment plans, and the REIT is enlisting its sponsor’s help to avoid defaulting on its loans.

The matter was disclosed by the REIT on 27 December in a filing with the Singapore Exchange (SGX).

EC World REIT is a China-focused but Singapore-listed REIT that specialises in e-commerce, supply-chain management, and logistics assets.

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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.