Tan joined the manager as CEO-designate in July 2021 and assumed the position of CEO in August that same year.
Sasseur REIT focuses on retail malls across Asia with an emphasis on China. It has a portfolio in major Chinese cities like Chongqing, Hefei and Kunming.
The REIT employs a Entrusted Management Agreement (EMA) model in its operations, in which the sponsor, Sasseur Group is responsible for managing the day-to-day operations of the outlets including driving tenant sales. This is unlike that of most retail REITs in China and other local and foreign REITs listed on the SGX.
Units in Sasseur REIT closed 0.5 cents higher or 0.794% up at 63.5 cents on Apr 30.
