REIT Oracle

OUE C-Reit and OUE H-Trust Merger Approved

in Company news

Unitholders of both OUE C-Reit and OUE H-Trust have approved the merger of their trust.

Under the proposed scheme, OUE C-Reit will acquire OUE H-Trust by paying the latter's holders, for every H-Trust stapled security held, 4.075 Singapore cents in cash plus 1.3583 new OUE C-Reit units.