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Spring REIT holds meeting to consider proposed removal of manager

Spring Real Estate Investment Trust will convene an extraordinary general meeting to consider a proposal to remove Spring Asset Management Ltd. as manager of the REIT.

PAG Real Estate's BT Cayman Ltd. and Spirit Cayman Ltd. proposed appointing a new manager by internalizing the REIT's management function, among other resolutions.

Spring Asset Management said further details about the meeting and the resolutions will be laid out in a notice to be published on or before Oct. 26.