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Sasseur REIT extends the maturity of $58m sponsor loan by 1 year

The loan will mature in March 2025.

The maturity of the $58m (RMB308m) loan granted to a wholly-owned subsidiary of Sasseur REIT has been extended for another year from March 2024 to March 2025.

In a bourse filing, Sasseur REIT said its wholly-owned subsidiary and the sponsor's wholly-owned subsidiary have agreed to extend the loan maturity.

On 3 February, a wholly-owned subsidiary of the sponsor entered into a one-year agreement to grant an unsecured interest-breading loan to a wholly-owned subsidiary of  Sasseur REIT.

The agreement allows for an extension of up to another year should the parties mutually agree.

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