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EC World Real Estate Investment Trust ( (SG:BWCU) ) has issued an announcement.
EC World Asset Management Pte. Ltd., manager of EC World Real Estate Investment Trust, has announced an update on ongoing legal proceedings concerning unauthorized mortgages over its properties in China. The People’s Court of Fuyang District dismissed the trust’s applications to invalidate these mortgages, prompting an appeal to the Hangzhou Intermediate People’s Court. Additionally, Fuyang Futoufa, a financial institution linked to the Fuyang Government, has initiated two separate legal cases against EC World’s subsidiaries, highlighting ongoing legal challenges for the trust.
The most recent analyst rating on (SG:BWCU) stock is a Sell with a S$0.50 price target. To see the full list of analyst forecasts on EC World Real Estate Investment Trust stock, see the SG:BWCU Stock Forecast page.
More about EC World Real Estate Investment Trust
EC World Real Estate Investment Trust is a Singapore-based real estate investment trust that focuses on logistics and e-commerce properties. The trust manages assets primarily in the People’s Republic of China, catering to the growing demand for logistics infrastructure in the e-commerce sector.
Technical Sentiment Signal: Sell
Current Market Cap: S$226.8M
Learn more about BWCU stock on TipRanks’ Stock Analysis page.