Asian Spectator

ACN Newswire Business

Fortune Times Names Mr Vito Xu Rongcan, Chairman of SAMPL, Manager of SGX-Listed Sasseur REIT, as Asia's Top Entrepreneur for 2019

  • Written by ACN Newswire - Press Releases

Fortune Times Names Mr Vito Xu Rongcan, Chairman of SAMPL, Manager of SGX-Listed Sasseur REIT, as Asia's Top Entrepreneur for 2019

SINGAPORE, Dec 12, 2019 - (ACN Newswire) - Fortune Times has named Mr. Vito Xu Rongcan, Chairman of Sasseur Asset Management Pte. Ltd. ("SAMPL"), as Asia's Top Entrepreneur 2019. SAMPL is the manager of Singapore Exchange ("SGX") Mainboard-listed Sasseur Real Estate Investment Trust ("Sasseur REIT"), the first outlet mall REIT listed in Asia.

Fortune Times Names Mr Vito Xu Rongcan, Chairman of SAMPL, Manager of SGX-Listed Sasseur REIT, as Asia's Top Entrepreneur for 2019

From left: Guest of Honour Ms. Tin Pei Ling, Mr. Vito Xu and Fortune Times Editor-in-Chief Ms. Annie Song.

Fortune Times Names Mr Vito Xu Rongcan, Chairman of SAMPL, Manager of SGX-Listed Sasseur REIT, as Asia's Top Entrepreneur for 2019

Mr. Vito Xu with Board of Directors and staffs of SAMPL.

Guest-of-Honour Ms Tin Pei Ling, Member of Parliament and CEO of Business China, presented the accolade to Mr Xu at the Fortune Times 2019 Awards gala dinner at St. Regis Hotel Singapore yesterday. The theme for this year's Awards was "Living in Times of Adversity". Ms Tin delivered a keynote speech outlining the challenges faced by media companies amid fast-growing technological advancements.

The Asia's Top Entrepreneur Award 2019 honoured Mr. Xu as an outstanding entrepreneur who has contributed significantly to business, society and charities in Singapore and China. As Founder and Chairman of Sasseur Group, he has led the Group to achieve remarkable success while advocating exemplary corporate practices and governance.

Sasseur REIT had garnered the "Most Promising REIT in Asia" award at the Fortune Times REIT Pinnacle Awards in October 2018, six months after its listing. Since then, Sasseur REIT has enjoyed resounding success, surpassing its projections for six consecutive quarters. Its market capitalisation has grown from S$944.0 million at IPO to S$1,088.8 million as of 11 December 2019.

Mr. Xu said, "I am deeply humbled to receive this award and to join the three other luminaries who have also been honoured at the Awards. As Sasseur REIT approaches the second anniversary of its listing on the SGX Mainboard, this award comes as an affirmation of the hard work and dedication of everyone at SAMPL.

"I sincerely wish to thank my fellow board members for their counsel and stewardship, and our business partners for their unwavering support since we first established the outlet mall business in China 11 years ago. Together we are ready to face the challenges ahead and look forward to another prosperous year in 2020," he added.

About Sasseur REIT

Sasseur REIT is the first retail outlet mall REIT listed in Asia. Sasseur REIT offers investors the unique opportunity to invest in the fast-growing retail outlet mall sector in the People's Republic of China (the "PRC") through its initial portfolio of four quality retail outlet mall assets strategically located in fast-growing cities in China such as Chongqing, Bishan, Hefei and Kunming, with a net lettable area of 312,844 square metres.

Sasseur REIT is established with the investment strategy to investing principally, directly or indirectly, in a diversified portfolio of income-producing real estate which is used primarily for retail outlet mall purposes, as well as real estate related assets in relation to the foregoing, with an initial focus on Asia. For more information on Sasseur REIT, please visit https://www.sasseurreit.com/.

About the Manager - SASSEUR ASSET MANAGEMENT PTE.LTD.

Sasseur REIT is managed by the Manager, an indirect wholly-owned subsidiary of the Sponsor. The Manager's key responsibility is to manager Sasseur REIT's assets and liabilities for the benefit of Unitholders.

As the first retail outlet mall REIT listed in Asia, the Manager intends to utilise Sasseur REIT's first-mover advantage and acquire suitable properties with good investment characteristics in Asia or other parts of the world. The Manager's growth strategy is to identify and selectively pursue acquisition opportunities in quality income-producing properties used mainly for retail outlet mall purposes initially in the PRC and subsequently in other countries.

About the Sponsor - SASSEUR CAYMAN HOLDING LIMITED

The Sponsor Group is one of the leading premium outlet groups in the PRC, ranked within the top 500 service companies in the PRC. With about 30 years of experience in art-commerce, the Sponsor Group has attained recognition in Asia as a leading outlet operator which adopts a strategic approach of integrating emotion, aesthetics, scenario planning and prudent capital management, as well as its "A x (1+N) x DT" Super Outlet business model. For more information on the Sponsor, please visit http://www.sasseur.com/.

CONTACTSasseur Asset ManagementWong Siew Lu, CFA, CA (Singapore)Head, Investor Relations and Corporate AffairsTel: +65 6360 0290wongsl@sasseurreit.com

WeR1 ConsultantsJordan TeoTel: +65 6360 0290sasseurreit@wer1.net

Sponsorship Statement:DBS Bank Ltd. was the sole financial adviser and issue manager for the initial public offering of Sasseur REIT (the "Offering"). DBS Bank Ltd. and Bank of China Limited, Singapore Branch were the joint global coordinators to the Offering. DBS Bank Ltd., Bank of China Limited, Singapore Branch, China International Capital Corporation (Singapore) Pte. Limited, Citigroup Global Markets Singapore Pte. Ltd., Credit Suisse (Singapore) Limited, Haitong International Securities (Singapore) Pte. Ltd. and Maybank Kim Eng Securities Pte. Ltd. were the joint bookrunners and underwriters to the Offering.

Copyright 2019 ACN Newswire. All rights reserved. www.acnnewswire.com

Authors: ACN Newswire - Press Releases

Read more //?#

Inovio Selected by CEPI to Develop Vaccine Against New Coronav...

PLYMOUTH MEETING, Pa., Jan. 24, 2020 /PRNewswire-AsiaNet/ -- Inovio Pharmaceuticals, Inc. (NASDAQ:INO) today announced the Coalition for Epidemic Preparedness Innovations (CEPI) has awarded ...

Musical Life in Germany

BONN, Germany, Jan. 23, 2020 /PRNewswire-AsiaNet/ -- - German Music Information Centre publishes book in English on musical life in Germany- Comprehensive information on structures and recen...

Innovative Products, Valuable Toy Expertise and Extended Servi...

NUREMBERG, Germany, January 23, 2020 /PRNewswire-AsiaNet/ -- - Unique selection of product ideas and trends- Free knowledge transfer from top-class experts- Extensive services for exhibito...

Nayuki Plans to Expand into the US and Japan

SHENZHEN, China, Jan. 23, 2020 /PRNewswire-AsiaNet/ -- Nayuki, a leading new-style tea brand based in China, has unveiled plans to open its first store in the two countries in 2020, with the...

China's Wuliangye sends greetings to welcome Chinese Lunar New...

NEW YORK, Jan. 23, 2020 /PRNewswire-AsiaNet/ -- China's leading liquor producer Wuliangye Yibin Co., Ltd. sent its greetings to the Chinese people all over the world from the "China Screen" ...

China's Yili initiates co-construction of global health ecosph...

DAVOS, Switzerland, Jan. 23,2020/PRNewswire-AsiaNet/-- China's diary giant Inner Mongolia Yili Industrial Group joined hands with the world's health industry leaders in Davos on Wednesday in...

Former New York University President John Sexton will be Asian University for Women’s 2020 Commencement Speaker; an Indian economist, a Pakistani actress, and a Swiss educator will receive honorary degrees

CHITTAGONG, BANGLADESH - Media OutReach - 23 January 2020 -  Professor John Sexton, a U.S. national, who served as the fifteenth President of New York University (NYU)...

Japanese Group, Addiction Performs for the First Time for Inte...

SINGAPORE, Jan. 23, 2020/PRNewswire-AsiaNet/-- Leading technology company from Singapore, BIGO Technology(BIGO), the company responsible for popular new age communication platforms like Bigo...

SoftIron Appoints Paul Harris as Regional Director of Sales fo...

LONDON, Jan. 23, 2020 /PRNewswire-AsiaNet/ -- Today, SoftIron Ltd., the leader in purpose-built, performance-optimized, storage solutions announced the appointment of Paul Harris as Regional...

Vietnamese Broadcaster Performed Live at BIGO Awards Gala 2020...

SINGAPORE, Jan. 23, 2020 /PRNewswire-AsiaNet/ -- Leading technology company from Singapore, BIGO Technology (BIGO), the company responsible for popular new age communication platforms like B...

Speaser – Launch of the World's First Social Sports App

UPPSALA, Sweden, Jan. 23, 2020 /PRNewswire-AsiaNet/ -- - Speaser, the world's first social sports app, will be launched globally on 23 January 2020. Created to unite sport fans all over the ...

Annual results 2019: Union Bancaire Privee's assets under mana...

GENEVA, Jan. 23, 2020 /PRNewswire-AsiaNet/ -- - Assets under management were CHF 140.3 billion at the end of 2019, up 10.6% (CHF 13.5 billion) for the year. - Net inflows were positive, show...

Par-Tee like Royalty at Holey Moley’s VIP Booths in Singapore’s Main Party Zone

SINGAPORE - Media OutReach - 23 January 2020 - Holey Moley, Singapore's 1st mini golf bar, is shaking things up in 2020 -- this time, with sleek VIP Booths. Thanks...

Miniature power supply: Infineon starts first flip-chip produc...

MUNICH, Jan. 23, 2020 /PRNewswire-AsiaNet/ -- Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) is taking the next step towards smallest power supply devices for automotive electronics. The...

Xinhua Silk Road: "Ecosphere Economy" to inject new impetus in...

BEIJING, Jan. 23, 2020 /PRNewswire-AsiaNet/ -- "Ecosphere Economy" featuring openness, inclusiveness, innovation and win-win cooperation will inject new impetus into economic globalization, ...

Antalya Homes: "Minimum Limit For Turkish Citizenship By Inves...

ISTANBUL, Jan. 22, 2019 /PRNewswire-AsiaNet/ -- Turkey, which offers one of the most popular and advantageous citizenship programs worldwide, had dropped the lower limit for citizenship by i...

New Clinical Trial Proves Allen Carr's Easyway to Stop Smoking...

LONDON, Jan. 23, 2020 /PRNewswire-AsiaNet/ -- The largest and most authoritative research trial of its kind has confirmed that Allen Carr's Easyway (ACE) is now a clinically proven, highly e...

Great Barrier Reef Retreat and Australian Rainforest Hideaway ...

DALLAS, Jan. 23, 2020 /PRNewswire-AsiaNet/ -- -- Multifaceted Value Proposition Includes Access to Multiple World Heritage Listed and South Pacific Island Destinations A one of a kind mounta...

Partners Capital Promotes Alex Band and Will Jagger to Partner...

LONDON, Jan. 23, 2020 /PRNewswire-AsiaNet/ -- Partners Capital, the leading global Outsourced Investment Office with $27 billion of assets under management, announces the promotions of Alex ...