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.