Sasseur REIT's Units Agree on Five-Year Onshore Loan

MT Newswires

02/11

Sassuer REIT's (SGX:CRPU) units, Chongqing Sasseur Suge Apparel Joint Stock and Sasseur (Chongqing) Business, agreed to a five-year onshore facility agreement of up to 639 million yuan, according to a Tuesday filing with the Singapore Exchange.

Shares of the REIT were down nearly 1% in Wednesday trading.

Proceeds from the facilities will be sued for early refinancing part of the existing loans due March 2028.

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