to Sabana’s NAV as at June 30 and a 34 per cent discount to its NAV as at December 2019.
Describing the merger as"opportunistically timed during the Covid-19 crisis", the firms pointed out that the merger offer was made a year after ESR Cayman had bought a substantial stake in Sabana Reit and a controlling stake in the Reit's manager at a"rich" premium from the same vendor. "It is thus hard to comprehend why Sabana’s board and management would propose to 'panic-sell' at a substantial discount to book value, which has been very conveniently and temporarily reduced from S$0.57 to S$0.51 per unit by the weaker market sentiments due to Covid-19.
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
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ESR-Reit will not raise offer price for Sabana in proposed mergerESR-REIT does not intend to increase the scheme consideration for its proposed merger with Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit), its manager said in a bourse filing on Thursday. Read more at The Business Times.
แหล่ง: BusinessTimes - 🏆 15. / 51 อ่านเพิ่มเติม »
Stocks to watch: Singapore Airlines, SGX, Sabana Reit, Yanlord, ARA H-TrustTHE following companies saw new developments that may affect trading of their securities on Wednesday: Read more at The Business Times.
แหล่ง: BusinessTimes - 🏆 15. / 51 อ่านเพิ่มเติม »
Sabana Reit clarifies proposed merger with ESR-Reit not an asset saleTHE proposed merger of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) with ESR-Reit is not an asset sale, but a merger by way of a trust scheme of arrangement that will allow unitholders to stay invested in a 'stronger, larger and more resilient enlarged Reit (real estate investment trust)', Sabana Reit's manager clarified in a bourse filing on Wednesday. Read more at The Business Times.
แหล่ง: BusinessTimes - 🏆 15. / 51 อ่านเพิ่มเติม »
Sabana Reit clarifies proposed merger with ESR-Reit not an asset saleTHE proposed merger of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) with ESR-Reit is not an asset sale, but a merger by way of a trust scheme of arrangement that will allow unitholders to stay invested in a 'stronger, larger and more resilient enlarged Reit (real estate investment trust)', Sabana Reit's manager clarified in a bourse filing on Wednesday. Read more at The Business Times.
แหล่ง: BusinessTimes - 🏆 15. / 51 อ่านเพิ่มเติม »
ESR-Reit will not raise offer price for Sabana in proposed mergerESR-REIT does not intend to increase the scheme consideration for its proposed merger with Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit), its manager said in a bourse filing on Thursday. Read more at The Business Times.
แหล่ง: BusinessTimes - 🏆 15. / 51 อ่านเพิ่มเติม »