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Suntec REIT Announces Board Changes with Retirement of Key Director

Story Highlights
  • Suntec REIT announces the retirement of Mr. Lim Hwee Chiang as a Non-Executive Director.
  • The board plans to appoint Mr. Matthew James Lawson as a Non-Executive Director Designate.
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Suntec REIT Announces Board Changes with Retirement of Key Director

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Suntec Real Estate Investment ( (SG:T82U) ) has shared an update.

Suntec Real Estate Investment Trust announced the retirement of Mr. Lim Hwee Chiang as a Non-Executive Director effective from February 14, 2025. Mr. Lim’s extensive experience and strategic guidance have been instrumental in the company’s growth, particularly in strengthening its portfolio foundation. The board also plans to appoint Mr. Matthew James Lawson as a Non-Executive Director Designate, pending regulatory approval, marking a significant change in the board’s composition and potentially influencing Suntec REIT’s future strategic direction.

More about Suntec Real Estate Investment

Suntec Real Estate Investment Trust (Suntec REIT) operates in the real estate sector, focusing on investment and management of commercial properties. The company aims to deliver stable and sustainable distributions to its unitholders by investing in a diversified portfolio of income-producing real estate assets.

YTD Price Performance: 2.82%

Average Trading Volume: 1,333

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $2.55B

See more data about T82U stock on TipRanks’ Stock Analysis page.

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