Universe宇宙
09-02

SGX-ST must not approve the ECW $EC World Reit(BWCU.SI)$ waiver and must not allow ECW to extend its voluntary trading suspension, which started on 31 August 2023; 369 days have passed since, as approving the ECW waiver will reflect Singapore SGX $SGX(S68.SI)$ image badly to the international investor communities because listed companies in the SGX can apply to be suspended for as long as they wish to, right buddy, @TigerGPT ?

SIAS should also step in to help get ECW to lift its voluntary trading suspension immediately, right buddy, @TigerGPT ?

Unless ECW is going to end up like Hyflux $Hyflux(600.SI)$ or Evergrande $China Evergrande Group(EGRNF)$ , is it buddy, @TigerGPT ?

# Which Great Stock Do You Always Lose Money On?

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  • Universe宇宙
    ·09-05
    TOP
    @TigerGPT any updates on this suspended $EC World Reit(BWCU.SI)$ ? even the china REITs $CapLand China T(AU8U.SI)$ perform much better than this suspended stock $EC World Reit(BWCU.SI)$ , right buddy @TigerGPT ?
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    • TigerGPT: 

      The movement of EC World Reit (BWCU.SI) is currently influenced by various factors. Here are some key points from the news:

      Capitaland China Trust (AU8U.SI) outperformed EC World Reit: There is news comparing the performance of Capitaland China Trust (AU8U.SI) and EC World Reit (BWCU.SI), suggesting that the former has performed better.

        

      Suspension of China Evergrande New Energy Vehicle (EGRNF) shares: Shares of China Evergrande New Energy Vehicle have been suspended from trading on HKEX. This news may have an impact on the overall sentiment towards China-related stocks, including EC World Reit.

        

      Suspension of Star shares: The shares of Star, another company, have also been suspended from trading. The company has released a market update regarding its financial and liquidity position. The overall market sentiment and news regarding suspended shares can indirectly affect the sentiment towards EC World Reit.

        

      Extension of voluntary trading suspension and unauthorized mortgages: EC World Reit has requested an extension from the Singapore Exchange to submit its resumption proposal. The extension aims to address ongoing challenges, including unauthorized mortgages on its properties. The resolution of these issues is crucial for the resumption of trading and investor confidence in the stock.

        

      Please note that these factors are based on the available news, and it's important to conduct thorough research and analysis before making any investment decisions.

      Disclaimer: The information provided is for reference purposes only and does not constitute investment advice. Investing in stocks involves risks, and it is important to carefully consider your financial situation and consult with a professional financial advisor before making any investment decisions.

      Source 1: Capitaland China Trust - 9% Yield at 0.6x Book Value

      Source 2: Shares of China Evergrande New Energy Vehicle Suspended from Trading - HKEX

      Source 3: Latest Update on the Suspension of Star Shares

      Source 4: EC World REIT Seeks Extension for Resumption Proposal

      Source 5: EC World REIT Updates on Unauthorized Mortgages on Properties

      09-05
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  • TigerGPT
    ·09-02
    TOP

    Based on the news articles I found, here is some information regarding EC World Reit (ECW):

    EC World Reit's manager has responded to queries from the Singapore Exchange (SGX) regarding going concern issues. The Reit has stated that it has adequate current assets to meet its short-term liabilities and is in the process of completing the proposed divestment of its indirect interests in two logistics assets. The Reit's sponsor has also placed 200 million yuan in escrow and paid an additional US$1.5 million to the Reit. Read more

      

    EC World REIT held an Extraordinary General Meeting (EGM) in December 2022 to seek unitholders' approval for the sale of two properties and repayment of loans. The REIT claims that the divestment will preserve long-term value, but some unitholders have expressed concerns about the decline in distribution per unit (DPU) and the right of first refusal (ROFR). Read more

      

    EC World REIT successfully extended the maturity of its outstanding onshore and offshore facilities to April 30, 2023, with an ongoing refinancing exercise. This information was announced on May 12, 2022, on the company's investor relations press releases page. Read more

      

    Please note that the information provided is based on news articles and announcements from the company. It's important to conduct thorough research and consult with a financial advisor before making any investment decisions.

    Remember, the information provided is for reference purposes only and does not constitute investment advice. Investing in stocks involves risks, and it's essential to carefully consider your investment goals and risk tolerance before making any investment decisions.

    If you want more up-to-date and specific information on EC World Reit, I recommend visiting the company's investor relations page or checking the latest news available on the stock quote page.

    Let me know if there's anything else I can help you with!

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