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SEC clarifies asset manager's power to sell hotel assets

The Securities and Exchange Commission (SEC) has confirmed that One Asset Management (ONEAM) has the legal authority to sell assets under Grand Royal Orchid Hospitality Real Estate Investment Trust (GROREIT) to third parties if the original owner fails to complete a buyback agreement.

We haven't written up this one. Bangkok Post Business has the full story — the link below goes straight to it.

Read the original at bangkokpost.com →

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