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Elite Commercial REIT ( (SG:MXNU) ) just unveiled an announcement.
Elite UK REIT Management Pte. Ltd. announced a change in its shareholding structure, with Elite Partners Holdings Pte. Ltd. acquiring a 15% stake from Sunway RE Capital Pte. Ltd. As a result, Sunway RE will no longer be a sponsor of the REIT, and the management will be held by Elite Partners Holdings (83%) and Jin Leng Investments (17%). This change signifies a strategic realignment for the company, potentially impacting its operations and stakeholder relationships.
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 based in Singapore, managed by Elite UK REIT Management Pte. Ltd. The company focuses on managing real estate assets and investments, primarily within the UK market.
Average Trading Volume: 247,495
Technical Sentiment Signal: Buy
Current Market Cap: £210.4M
Find detailed analytics on MXNU stock on TipRanks’ Stock Analysis page.