Prosperity REIT Named Best Small Cap by FinanceAsia.
Hong Kong, 5 April 2016 – 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 awarded the "Best Small Cap", Hong Kong in Asia’s Best Managed Companies annual poll 2016 conducted by FinanceAsia. This accolade is an acknowledgement from the investment community of Prosperity REIT’s achievements.
The poll is conducted annually by FinanceAsia, an authoritative financial magazine, which carries out surveys on investors and analysts across the region on Asia’s top companies. Prosperity REIT has demonstrated its strong unit price performance, excellent track record in delivering stable and sustainable return to unitholders and good corporate governance to achieve this award.
Ms. Mavis Wong, Executive Director and CEO of the REIT Manager said, "We are deeply honored to have received this prestigious award from FinanceAsia. We would like to express our gratitude to all investors and analysts for their continued support and confidence in Prosperity REIT. Looking forward, in addition to delivering stable and sustainable return to our unitholders, we shall also commit in undertaking more corporate social responsibilities in return to our stakeholders.”
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.