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LINK REIT George Hongchoy: Streamlining Structure Just Like Planting Flowers, Needing to Prune Branches
LINK REIT (00823.HK)'s management met the media after the annual general meeting. Asked whether there will be layoffs again in the future, LINK REIT CEO George Hongchoy used th...
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LINK REIT George Hongchoy: Streamlining Structure Just Like Planting Flowers, Needing to Prune Branches
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LINK REIT (00823.HK)  +0.100 (+0.229%)    Short selling $79.71M; Ratio 21.777%   's management met the media after the annual general meeting.

Asked whether there will be layoffs again in the future, LINK REIT CEO George Hongchoy used the analogy of planting flowers, believing that “pruning branches” is a common practice, and that it is a difficult decision, just as there were a lot of different opinions in the outside world when it announced the rights issue at the beginning of 2023.

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However, the Company's financial situation is solid now, and the Company expected to prepare for the next stage of growth by reorganizing its structure.

Speaking on the candidate for the new CEO of LINK REIT, Chair Duncan Owen said that the Board unanimously agreed that the successor should have international real estate investment experience, as well as familiarity with the business environments of mainland China and Hong Kong, a proven track record of successful investments in both the private and public markets, and a high level of integrity and strong leadership with a strong sense of community connect, in order to create value for stakeholders and shareholders.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-24 16:25.)

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