EC World Reit loses appeal over unauthorised mortgage of key Hangzhou property; manager to seek re-trial

EC World Reit loses appeal over unauthorised mortgage of key Hangzhou property; manager to seek re-trial

The manager says the legal defeat will not require further adjustments to financial statements [SINGAPORE] The manager of EC World Real Estate Investment Trust (Reit) on Wednesday (Feb 4) said that the group’s appeal to invalidate an unauthorised mortgage was dismissed by the Hangzhou Intermediate People’s Court. The legal proceedings involve an outstanding mortgage over…

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KKR, Singtel & GIC bid for Temasek-backed STT GDC

KKR, Singtel & GIC bid for Temasek-backed STT GDC

Should it go through, the deal would be one of Asia’s largest data-centre transactions [SINGAPORE] Temasek-backed data-centre operator ST Telemedia Global Data Centres (STT GDC) is reportedly close to being bought by a consortium led by private equity firm KKR and local telco Singtel . The deal has also attracted the interest of parties such…

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