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.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!