David Ian MacGregor stepped down as Cambridge Industrial Trust Management's director
He was required to tender his resignation.
According to a release, Mr. MacGregor, 60, was required under the terms of a share purchase agreement or SPA. nabInvest Capital Partners, CREIM, and e-Shang Infinity Cayman entered an SPA for the purchase of all the issued shares in the share capital of nabInvest Oxley Singapore which holds and indrect 80% equity interest in CITM.