Saizen REIT repays Yugen Kaisha loan
By Mok Fei Fei, 938LIVE | Posted: 28 December 2009 1611 hrs

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SINGAPORE: Mainboard-listed Saizen REIT said on Monday that it has repaid some S$71.3 million loan of a unit, Yugen Kaisha Shingen.

It made the repayment last Friday.

Giving an update, the REIT said it has fully deployed the net proceeds of about S$41.1 million from the rights issue in making the repayment.

It had also utilised its internal cash resources in paying back the money.

Saizen REIT's rights issue was completed in June this year. - 938LIVE/vm