OUE Limited, OUE Commercial Reit, OUE Hospitality Trustproposed merger to be effected through a trust scheme
of arrangement. OUE C-Reit will acquire all issued and paid-up securities in OUE H-Trust. OUE H-Trust stapled securityholders will receive S$0.04075 in cash per stapled security and 1.3583 new OUE C-Reit units per stapled security. This means a stapled securityholder will receive S$40.75 in cash and 1,358 consideration units for every 1,000 stapled securities held. Parent company OUE Group will continue to retain 48.3 per cent of total issued units in the enlarged Reit formed from the merger.
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Source: BusinessTimes - 🏆 15. / 51 Read more »