Li has been interviewed by the CAD in connection with the investigation.
According to a statement by EC World REIT, the Nominating and Remuneration Committee of the manager has accepted Li’s request for leave of absence pending outcome of the matter and will review his appointment when there is sufficient information available.
CAD indicates that EC World REIT and the manager of the REIT are not under investigation.
Units in EC World REIT closed 0.5 cent lower, or 0.7% down, at 66.5 cents.
