Tang Yigang and his wife Hotel Trust are discussing strategic options including contracted securities transactions

Accredited securities are two or more securities, financial instruments bound together by contract, meaning they cannot be traded or transferred separately.

Acrophyte Hotel Trust Management Company issued a statement before the market opening on Friday (May 30) that in view of the asset improvement needs of existing asset portfolios, trust managers are evaluating options to meet capital expenditure needs, including discussing with Sponsors about contracted securities transactions.

To cope with the capital expenditure required to increase the assets of the hotel trust portfolio, the Acrophyte Hospitality Trust, held by wealthy businessman Tang Yigang and his wife, is evaluating a range of options, including transactions on Stapled Securities.

The statement said that the manager is reviewing the options and is not sure that the deal will be finalized. When specific progress is needed, the trust manager will announce the investors again.

As of 10:54 a.m. Friday, the trust stock price rose 9.43% to $0.29.