REIT AsiaPac

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Hong Kong’s Spring REIT Plans Share Buy-back

May 27, 2023 – Spring REIT’s manager said it plans to repurchase approximately 4.23% of Spring REIT’s issued units at HK$2.3810 per unit, which is accretive to the distribution per unit (DPU) and net asset value (NAV). The total consideration for the Unit Buy-back is approximately HK$150.6 million.

The buy-back will be financed by cash drawdown under an existing debt facility, it said.