OUE Commercial Reit, OUE Hospitality Trust in proposed merger by trust scheme

OUE Commercial Real Estate Investment Trust and OUE Hospitality Trust are in a proposed merger to be effected through a trust scheme of arrangement.

This means a stapled securityholder will receive S$40.75 in cash and 1,358 consideration units for every 1,000 stapled securities held. Due to the deal, both OUE C-Reit unitholders and OUE H-Trust stapled securityholders will see distribution per unit increase by 2.1 per cent and 1.4 per cent respectively, for the 12-month period ended Dec 31, 2018.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Exclusive: Deutsche Bank open to US revamp in merger talks - sourcesDeutsche Bank said it was open to further restructuring of its U.S. investment bank after Commerzbank executives sought clarity on its plans ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Deutsche, Commerzbank favor merger over holding company structure: sourcesDeutsche Bank and Commerzbank favor a straightforward merger over more complex ways to structure a deal, three people close to the matter said.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »