I thought that it is rather interesting that the management of EC World REIT ("ECW REIT") extended their trading suspension until they have more concrete action plans and updates pertaining to their current financial crisis. The management of ECW REIT believes that it is in the best interest of unitholders for the dealing in its units to remain suspended. Maybe the management of Manulife US REIT ("MUST") should have applied for a similar trading suspension until they managed to conclude their major office building sales to its sponsor, The Manufacturers Life Insurance Company (Manulife)? Anyway, this is on hindsight. We can see that MUST has crashed another <-14.6%> last week to languish at US$0.041 per unit as at 22 September 2023. It has been amazing how MUST shot their own foot with the re-valuation of properties at half year and then positioning itself for a fire sales of its investment properties at the trough of the US commercial office crisis.
Do you folks think that MUST can avert its current death spiral or is this its last swan song?
yup crazy that MUST shot their own foot with the re-valuation at half year. why would they do that? unless.................
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