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Elite Commercial REIT Announces Board Restructuring

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Elite Commercial REIT Announces Board Restructuring

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Elite Commercial REIT ( (SG:MXNU) ) has provided an announcement.

Elite UK REIT Management Pte. Ltd. has announced changes to its Board of Directors, with the resignation of Datin Paduka Sarena Cheah and Mr. Tan Chin Hwee, effective from August 8, 2025. The Board will now consist of seven directors, four of whom are independent. The Nominating and Remuneration Committee has reviewed the changes and deemed the Board’s structure appropriate for the company’s operations, ensuring continued strategic oversight and governance.

The most recent analyst rating on (SG:MXNU) stock is a Buy with a £0.35 price target. To see the full list of analyst forecasts on Elite Commercial REIT stock, see the SG:MXNU Stock Forecast page.

More about Elite Commercial REIT

Elite Commercial REIT is a real estate investment trust established under the laws of the Republic of Singapore. It is managed by Elite UK REIT Management Pte. Ltd. and focuses on real estate investments, primarily in the UK market.

Average Trading Volume: 247,495

Technical Sentiment Signal: Buy

Current Market Cap: £210.4M

See more insights into MXNU stock on TipRanks’ Stock Analysis page.

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