A former real estate investment trust left holding a handful of shopping centres is considering putting itself up for sale, blaming a “collapse” in global equities and the “bleak economic outlook”.
Alina Holdings’ management team told shareholders it will launch an “accelerated strategic review” that will weigh up selling the company; merging with a larger company; liquidating its assets; a recapitalisation; and a continuation of its current strategy.
The company pointed to “the recent collapse in global equity markets, and the board’s relatively bleak economic outlook with the potential for stagflation, leading to further stock market declines”.
