Sasseur Real Estate Investment Trust (SG:CRPU) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Sasseur Real Estate Investment Trust has entered into a supplementary agreement to extend the maturity of its Sponsor Loan by five years to 2030, with a floating interest rate linked to China’s 5-year Loan Prime Rate. This agreement highlights the sponsor’s ongoing financial support and is expected to bring cost savings for the REIT. The transaction remains within regulatory thresholds and has been deemed fair and beneficial by the Audit and Risk Committee.
For further insights into SG:CRPU stock, check out TipRanks’ Stock Analysis page.