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via Lushhomemedia by luxuryasiahome on 11/3/09
Property trust says maturity default not likely to affect its ability to operate Singapore-listed property trust Saizen Reit said yesterday it had defaulted on a 7.253 billion yen (S$112.65 million) commercial mortgage-backed securities loan. The company said in a statement the 'maturity default' was not expected to affect Saizen Reit's ability to operate as a going concern [...]
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