clw management has mentioned numerous times that they are aware...

clw management has mentioned numerous times that they are aware of the loan covenants and to minimise the risk of deep discounted capital raises…. hence that is why they are trying to unload some non core properties to reduce gearing….

pleasingly, they are still able to offload assets at or above book value …. So I don’t understand why you say they are desperate seller ? It is true that they wanted to sell some but their loans are staged with various expiry … and the earliest loan maturity is in 3 years time… with the interest rate cycle peaking, and their ICR well covered, I wouldn’t say they are desperate at all…

even if they are desperate, with the quality of their assets, there will be multiple offers on the table, so it’s not like there is only one buyer and they must sell at 50% discount otherwise file for bankruptcy…….

i have seen the Q&A at the AGM, and I think the management is very quite sensible and rational, yes, they might not have done the best job but they seem to know what they are doing and prepare for what is to come.