Offer price is a 44 per cent discount to Reit’s net asset value, says research house. Read more at straitstimes.com.
SINGAPORE – RHB has recommended for unit holders of Suntec Real Estate Investment Trust (Reit) to reject the mandatory conditional cash offer for its units.
This brought its total deemed interest in the trust to 31.5 per cent, amounting to 918.7 million units. Aelios was previously deemed to have a 29.3 per cent stake in Suntec Reit.
Aelios said the offer was made solely to comply with the takeover code, and it intends to maintain the listing status of the Reit on the Singap