Prosperity REIT Named Best Small Cap by FinanceAsia
Hong Kong, 29 May 2013 – ARA Asset Management (Prosperity) Limited (the "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 conducted by FinanceAsia. This accolade is an acknowledgement from the investment community for Prosperity REIT’s achievements over the years.
The poll is conducted annually by FinanceAsia, an authoritative financial magazine, which surveys the opinions of investors and analysts across the region for Asia’s top companies. Prosperity REIT has proved to impress FinanceAsia with its strong unit price performance, commitment to providing stable and sustainable return to unitholders, operational efficiency and good corporate governance as one of the best-managed companies in Hong Kong.
Ms. Mavis Wong, Executive Director and CEO of the Manager, said, "We are 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, we will continue to enhance our property portfolio as well as to uplift the standard of our business operations and corporate governance with an aim to provide 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 Laws of Hong Kong). Prosperity REIT owns a diverse portfolio of seven high-quality properties in the decentralized business districts of Hong Kong, comprising all, or a portion of, two Grade A office buildings, two commercial buildings, two industrial/office buildings and one industrial building, with a total gross rentable area of about 1.22 million sq. ft.. www.prosperityreit.com
About ARA Asset Management (Prosperity) Limited
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. www.ara-asia.com
Disclaimer 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.
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