Should the manager cease to be the manager of the REIT, and a replacement manager “reasonably acceptable to the lender” is not appointed on prior to the date of the cessation, or if YTL corporation ceases to own at least 51% of the issued share capital of the manger, Starhill Global REIT will have to repay all amounts owing under the agreement.
Units in Starhill Global REIT closed 0.5 cents lower or 0.917% down at 54 cents on Aug 15.
