On Sep 30, Sasseur Asset Management Pte Ltd lead independent director Gu Qingyang acquired 30,000 units of Sasseur Reit : CRPU +0.71% at 70 cents per unit. This took his direct interest in the first outlet mall Reit to be listed in Asia to 342,500 units, which represents a 0.03 per cent direct interest. Gu has been an associate professor of the Lee Kuan Yew School of Public Policy of the National University of Singapore since August 2009, where he conducts lectures on the Chinese economy, economics of the public sector and urban development. He has been an economic adviser to some provincial and municipal governments in China, providing advice to the Chinese governments for economic development of new zones. Sasseur Reit&rsquo s initial portfolio of four quality retail outlet mall assets are strategically located in fast-growing cities in China such as Chongqing, Kunming and Hefei, with a combined net lettable area of 310,242 square metres.