OUE C-Reit, H-Trust merger becomes effective; creates enlarged S$6.9b Reit

📆 04/09/2019 12.08.00
📰 BusinessTimes

⏱ Reading Time:
23 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 51%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

THE trust scheme of arrangement for the merger of OUE Commercial Real Estate Investment Trust (C-Reit) and OUE Hospitality Trust (H-Trust) on Wednesday morning became effective and binding. Read more at The Business Times.

H-Trust stapled securityholders will receive payment of the scheme consideration – 4.075 Singapore cents in cash and 1.3583 new C-Reit units per stapled security – by Sept 9.

These include commercial properties OUE Bayfront, One Raffles Place, OUE Downtown Office and high-end retail mall Mandarin Gallery in Singapore, as well as Lippo Plaza in Shanghai, and two hotels – Mandarin Orchard Singapore and Crowne Plaza Changi Airport. After the completion of the merger, the market capitalisation and free float of the enlarged Reit will increase significantly to around S$2.9 billion and S$1.1 billion, respectively.

Tulis Komentar

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Stocks to watch: China Jinjiang Environment, Cache Logistics Trust, Bonvests, Nordic GroupTHE following companies saw new developments that may affect trading of their shares on Wednesday: Read more at The Business Times.
Sumber: BusinessTimes - 🏆 15. / 51 Baca lebih lajut »

Stocks to watch: China Jinjiang Environment, Cache Logistics Trust, Bonvests, Nordic GroupSINGAPORE - The following companies saw new developments that may affect trading of their shares on Wednesday (Sept 4):. Read more at straitstimes.com.
Sumber: The Straits Times - 🏆 8. / 63 Baca lebih lajut »