Quarz Capital, a top-ten unitholder, urged the manager of Cromwell European REIT (SGX: CWBU) to start buying back units, citing the wide discount between the unit price and net asset value.
Quarz argued that a buyback at prevailing prices would benefit remaining unitholders while keeping gearing within a prudent range.
Summary prepared by Quarz Capital from public reporting by PR Newswire. Refer to the original publication for the full article.
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