Following the announcement of Koh Wee Lih’s resignation as the chief executive officer (CEO) and executive director of AIMS APAC REIT (AA REIT), its share price dropped sharply. It was down by approximately 12% at the point of writing.
The management reported in the media that Mr. Koh will be stepping down after almost eight years as CEO to “pursue other professional interests” and Russell Ng will take over the position.
So, what went wrong? Was there an internal disagreement about the company’s direction? Is this a sign that something crucial is about to happen to the company? Is it possible that the market does not yet trust the new CEO?
Trying to learn how to invest in REITs? Download your FREE REITs investing guide and start creating your passive dividend income today
As investors, we should avoid making such speculations and instead look at the company’s fundamentals and management. But before I