EC World Real Estate Investment Trust announced on Mar, 10 2026 that it will re-issue its financial statements for the year ended Dec, 31 2025 on a realisation basis instead of the going-concern assumption previously used.
The manager, EC World Asset Management Pte. Ltd., said efforts to obtain favourable responses from both onshore and offshore lenders regarding the trust’s outstanding facilities have been unsuccessful. As a result, the board concluded that it is uncertain whether preparation on a going-concern basis is appropriate.
Revised statements are expected on or about Mar, 31 2026, after which the auditors will conduct their review. Preparing the accounts on a realisation basis could lead to re-classification of non-current assets and liabilities as current, potential adjustments to carrying values, and additional provisions.
The manager added that discussions with lenders are continuing and that the basis of preparation could be reassessed if more clarity emerges. Unitholders were advised to exercise caution when dealing in the trust’s units and to await further announcements.