SINGAPORE (THE BUSINESS TIMES) - The manager of BHG Retail Real Estate Investment Trust (BHG Retail Reit) has terminated its proposed acquisition of a Beijijng outlet mall due to the 'impact of Covid-19 on capital markets and the economy as well as the inherent unpredictability and evolving situation', it said in a bourse filing on Wednesday evening (June 3).. Read more at straitstimes.com.
SINGAPORE - The manager of BHG Retail Real Estate Investment Trust has terminated its proposed acquisition of a Beijijng outlet mall due to the"impact of Covid-19 on capital markets and the economy as well as the inherent unpredictability and evolving situation", it said in a bourse filing on Wednesday evening .
Last December, the Reit manager proposed to acquire Badaling Outlets for $455 million, which would have been the Reit's first investment in an outlet mall. Horizon Thrive International is wholly-owned by Chang Dingjie, a director of Beijing Hualian Group Investment Holding Co, the Reit's sponsor. "The impact of Covid-19 on the equity markets may not be favourable for the manager in obtaining equity financing to part-finance the purchase consideration for the acquisition to be attractive," it said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BHG Retail Reit cancels Beijing outlet mall deal on Covid-19 impactTHE manager of BHG Retail Real Estate Investment Trust (BHG Retail Reit) has terminated its proposed acquisition of a Beijijng outlet mall due to the 'impact of Covid-19 on capital markets and the economy as well as the inherent unpredictability and evolving situation', it said in a bourse filing on Wednesday evening. Read more at The Business Times.
Read more »
BHG Retail Reit cancels Beijing outlet mall deal on Covid-19 impactTHE manager of BHG Retail Real Estate Investment Trust (BHG Retail Reit) has terminated its proposed acquisition of a Beijijng outlet mall due to the 'impact of Covid-19 on capital markets and the economy as well as the inherent unpredictability and evolving situation', it said in a bourse filing on Wednesday evening. Read more at The Business Times.
Read more »
Mexico reports record toll of COVID-19 deaths, new infectionsMexican health authorities reported 1,092 novel coronavirus deaths on Wednesday, the country's highest toll in one day so far, with total ...
Read more »
Malaria drug hydroxychloroquine fails to prevent COVID-19 in high-profile studyWASHINGTON: The malaria drug promoted by US President Donald Trump as a treatment for COVID-19 was ineffective in preventing infection in people ...
Read more »
Thailand's 1 million health volunteers hailed as COVID-19 heroesNearly every day, 77-year-old Surin Makradee goes door-to-door in her village in Thailand, visiting every home to check people's temperatures in a ...
Read more »
Amazon is sued over warehouses after New York worker brings COVID-19 home, cousin diesAmazon.com Inc has been sued for allegedly fostering the spread of the coronavirus by mandating unsafe working conditions, causing at least one ...
Read more »