EC World REIT releases $2.1m from reserve to repay onshore interest

The REIT has fully repaired its onshore interest expenses due 20 September.

EC World REIT has tapped into the onshore interest reserve maintained under the onshore facilities of ECW Group to repay its onshore interest expenses due 20 September.

In a bourse filing, the REIT said it released RMB11.3m ($2.1m) from the reserve.

“As the onshore facilities do not specify the deadline by which the onshore interest reserve must be topped up, this timing is currently subject to ongoing discussions between the onshore lenders under the onshore facilities and the ECW Group,” the REIT said.

Follow the link for more news on

REIT

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia