Trading halts for OUE Limited, C-Reit, H-Trust pending EGMs on proposed merger

📆 14/08/2019 07:27:00
📰 BusinessTimes

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UNITHOLDERS of OUE Commercial Reit (C-Reit) and OUE Hospitality Trust (H-Trust) are set to vote on the two trusts’ proposed merger at their separate extraordinary general meetings (EGMs) on Wednesday. Read more at The Business Times.

of both trusts to recommend unitholders vote in favour of the merger at the EGMs.

Directors of OUE C-Reit thus recommended that its unitholders vote in favour of resolution 1 relating to the potential merger, and resolution 2 relating to the proposed issuance of new units. If either resolution is rejected, the proposed merger will not go through. Directors of OUE H-Trust thus recommended OUE H-Trust stapled securityholders vote in favour of the trust deeds amendment resolutions at the upcoming EGM, and the trust scheme resolution at the trust scheme meeting.OUE Limited and its related corporations will continue to hold a 48.4 per cent stake in the enlarged Reit. This is inclusive of the interests held by OUE Limited, OUE Realty and Golden Concord Asia Limited.

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