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An update from BHG Retail REIT ( (SG:BMGU) ) is now available.
BHG Retail REIT has announced the rollover of its existing secured term loan facilities under a S$252 million agreement, which will mature within three years. The agreement includes conditions related to the ownership structure of the trust, specifically requiring Beijing Hua Lian Group and Beijing Hualian Department Store to maintain at least a 30% ownership. If these conditions are not met, it could trigger a default and affect approximately S$245 million in facilities, potentially impacting the trust’s financial stability.
More about BHG Retail REIT
BHG Retail REIT is a real estate investment trust based in Singapore, established in 2015. It focuses on retail properties and is managed by BHG Retail Trust Management Pte. Ltd. The trust is associated with Beijing Hua Lian Group and Beijing Hualian Department Store Co., Ltd., which hold significant ownership stakes.
YTD Price Performance: -2.22%
Average Trading Volume: 7,547
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: S$233.8M
For a thorough assessment of BMGU stock, go to TipRanks’ Stock Analysis page.