Prosperity REIT Voted Hong Kong’s Best Small Cap Company For Two Consecutive Years
Hong Kong, 25 March 2014 – ARA Asset Management (Prosperity) Limited (the "REIT Manager"), as manager of Prosperity Real Estate Investment Trust ("Prosperity REIT") [SEHK: 808], is pleased to announce that Prosperity REIT has been voted Hong Kong’s “Best Small Cap” company in FinanceAsia’s Best Managed Companies poll 2014. This is the second consecutive year Prosperity REIT has won this prestigious accolade.
The poll was conducted by FinanceAsia annually in which investors and analysts across the region were asked to select Asia’s top companies according to different criteria such as overall management, corporate governance, investor relations, corporate social responsibilities, leadership, dividend policy, etc.
Ms. Mavis Wong, Executive Director and CEO of the REIT Manager, said, “In recent years, Prosperity REIT has made significant achievements in different areas including completing the first major acquisition, wholesale conversion of building use, upgrading tenant mix and tip-top corporate governance practice. We are delighted that our accomplishments are recognized, and thank all the investors and analysts who have voted for Prosperity REIT. We will continue to put our best efforts in managing Prosperity REIT and delivering stable and sustainable return to our unitholders.”
About Prosperity REIT
Prosperity REIT [SEHK: 808] is a Hong Kong collective investment scheme authorized under section 104 of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). Prosperity REIT owns a diverse portfolio of eight high-quality properties in the decentralized business districts of Hong Kong, comprising all, or a portion of, three Grade A office buildings, two commercial buildings, two industrial/office buildings and one industrial building, with a total gross rentable area of about 1.35 million sq. ft..
Prosperity REIT is managed by ARA Asset Management (Prosperity) Limited, a wholly-owned subsidiary of ARA Asset Management Limited, which is listed on the Main Board of the Singapore Exchange Securities Trading Limited.
The information contained in this press release does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for units in Prosperity REIT in Hong Kong or any other jurisdiction.