Stocks to watch: OUE, OUE C-Reit, UOB, Tuan Sing Holdings

OUE Limited, OUETwo OUE units announced a merger on Monday to create a S$6.8 billion diversified Reit. Under the proposed scheme, OUE C-Reit will pay each holder of OUE Hospitality Trust stapled security S$0.04075 cash, plus 1.3583 new OUE C-Reit units. This translates to a deal valuation of S$1.49 billion, with S$74.6 million in cash, and the balance paid by the issue of about 2.5 billion new OUE C-Reit units to OUE H-Trust holders at S$0.57 per OUE C-Reit unit. The S$0.

OUE C-Reit last traded at S$0.52 for a market cap of S$1.49 billion on Friday, while OUE H-Trust closed at S$0.735 for a market valuation of S$1.34 billion. Parent company OUE Group will continue to retain a 48.3 per cent in the enlarged Reit. OUE shares closed at S$1.77 on Friday. OUE C-Reit, OUE H-Trust and parent company OUE Ltd all called for trading halts on Monday morning before the announcements. The companies have since requested the lifting of these trading halts.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Stocks to watch: OUE, OUE C-Reit, OUE H-Trust, ASTI Holdings, Mindchamps, RHT Health TrustStocks to watch: OUE, OUE C-Reit, OUE H-Trust, ASTI Holdings, Mindchamps, RHT Health Trust
Fonte: BusinessTimes - 🏆 15. / 51 Consulte Mais informação »

OUE Commercial Reit, OUE Hospitality Trust in merger talksProperty field_blurb Read more at The Business Times.
Fonte: BusinessTimes - 🏆 15. / 51 Consulte Mais informação »

OUE Commercial Reit, OUE Hospitality Trust in proposed merger by trust schemeProperty field_blurb Read more at The Business Times.
Fonte: BusinessTimes - 🏆 15. / 51 Consulte Mais informação »

Two OUE Reits join consolidation trend with proposed mergerCONSOLIDATION in the Reit sector appears to be gaining momentum - two OUE units announced a merger on Monday to create a S$6.8 billion diversified real estate investment trust (Reit) whose unit price could rise over time with increased liquidity and institutional interest. Read more at The Business Times.
Fonte: BusinessTimes - 🏆 15. / 51 Consulte Mais informação »

Stocks to watch: Keppel Reit, Nam Cheong, Tritech Group, Ntegrator InternationalTHE following companies saw new developments that may affect trading of their shares on Wednesday: Read more at The Business Times.
Fonte: BusinessTimes - 🏆 15. / 51 Consulte Mais informação »