Manager raises stake in Sunlight REIT to 2.31%

Published: 05 Nov 2009 01:08:10 PST

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Nov. 5, 2009 (China Knowledge) - Henderson Sunlight Asset Management Ltd, the manager of Sunlight Real Estate Investment Trust<0435>, recently increased its shareholding in the REIT to 2.31% from the previous 1.64%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>.

Information from HKEx showed that the manager on Oct. 30 bought 10.56 million shares of Sunlight REIT at HK$1.66 apiece.

Sunlight REIT is a real estate investment trust with a diversified portfolio comprising 12 Grade A and Grade B office properties and eight retail properties in Hong Kong. In the first six months of the year, the REIT reaped HK$471.7 million in turnover, 9.4% more than the HK$431.3 million it earned in the corresponding period of last year.

Shares of Sunlight REIT increased 1.06% to end at HK$1.9 yesterday.