Friday 29 Mar 2024
By
main news image

SINGAPORE (Oct 10): CGS-CIMB Securities continues to rate Singapore REITs as “overweight” following media reports that home-grown electronics retailer Newstead Technologies is currently in liquidation.

The retailer that also operated DigitalStyle, Nubox and @ notebook.com has stores located in Nex, Sim Lim Square, Suntec City, Marina Square, Bedok Mall, City Square Mall, Raffles City, Causeway Point, Jem, Tampines Mall, Waterway Point and Jurong Point.

The affected REITs from the closure of Newstead stores are Capitaland Mall Trust (CMT), Frasers Centrepoint Trust (FCT) and... (Click here to read the full story)

      Print
      Text Size
      Share