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EC World Reit’s current assets are enough to meet short-term liabilities
The short-term liabilities are worth more than $818m.
The board of EC World Reit said it has reviewed that the current assets of the group are enough to meet short-term liabilities of $818m.
It responded over the bourse query whether EC World Reit’s current assets of $113,330,000 are sufficient to meet the liabilities.
The board said it is sufficient because of the approval of its new repayment plan by most of its lenders.
This also includes the completion of a proposed divestment and completion of term sheets to repay outstanding debts.
EC World Reit’s board will still review the situation and give updates to its unitholders.
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