Real estate-backed ICO is in the form of fundraising and benefit generation similar to REIT. However, the regulations governing real estate-backed ICO with regard to investor protection mechanism
acquire additional real estate within one year following the effective date of REIT regulation,? he added. # # #
regarding units of REIT, if indirect investment in real estate is made through shareholding of other companies, REIT must hold not less than 99% of the total sold shares and of the total voting shares in
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EASTERN STAR REAL ESTATE PUBLIC COMPANY LIMITED | Q1/2011