Daily Brief Financials: First REIT, Magic Empire Global, ICICI Bank Ltd, Chiliz, Guangzhou R&F Properties and more

For our next corporate webinar, we are pleased to welcome the Executive Director and CEO of First REIT, Tan Kok Mian, Victor.

In the next webinar, Victor will share a short company overview, after which he will engage in a fireside chat with Smartkarma Insight provider, Angus Mackintosh. The corporate webinar will include a live Q&A session.

The corporate webinar will take place on Tuesday, September 6, 2022, 5:00 PM SGT.

Listed on the Singapore Stock Exchange Securities Trading Limited on December 11, 2006, First Real Estate Investment Trust (“First REIT”) is Singapore’s premier healthcare real estate investment trust. Its investment strategy encompasses a diversified portfolio of high yielding health and healthcare related real estate assets in Asia.

Over the years, the Trust has successfully built a high quality and diversified asset portfolio of 31 properties including 16 located in Indonesia, three in Singapore and 12 in Japan. The properties are collectively valued at over S$1,253.0 million¹ as of December 31, 2021. The stable income-generating portfolio covers all healthcare real estate, including hospitals, nursing homes and other facilities related to health care.

First REIT is managed by First REIT Management Limited, which is owned 60% by OUE Limited and 40% by OUE Lippo Healthcare Limited (“OUELH”). First REIT is granted the right of first refusal (“ROFR”) on the hospital pipeline in Indonesia by PT Lippo Karawaci Tbk (“Lippo Karawaci”), Indonesia’s largest publicly traded real estate company. First REIT also has another ROFR from OUELH and the opportunities to leverage its growing healthcare network across Pan-Asia.

Smartkarma Corporate Solutions’ business webinars feature discussions with IROs and executives, discussing their businesses, the challenges they face, and the opportunities in their industries and markets.

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