SINGAPORE (June 20): Citi Research is starting coverage of Sasseur REIT at “buy” with a target price of 92 cents.

Sasseur REIT’s initial portfolio comprises four retail outlet malls in three cities – two in Chongqing and one each in Hefei and Kunming – with total GFA of 371,603 sqm and NLA of 304,573 sqm.

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