The company said that it has deemed interest in the units as it has discretionary power with acquisition or disposal rights, as well as voting rights over the units, in its capacity as fund manager.
This brings Lion Global’s total stake in LREIT to 4.97% (which represents 58.3 million units), from 5.05% (59.3 million units).
Units in LREIT closed 0.5 cents, or 0.7% down, at 68.5 cents.
