ESR-Reit Unitholders Approve VIT Merger

News about ESR-REIT

Singapore's ESR-Reit unitholders approved the main resolution for the merger with a 94.2% of non-abstaining votes.

Under the proposed merger, ESR-Reit will acquire all of Viva's stapled securities in exchange for S$9.60 in cash and 160 new ESR-Reit units for every 100 stapled Viva securities held.

If completed, the merger would turn two smaller industrial REIT into one of Singapore's largest, effectively improving liquidity and visibility.

Price0.400 SGD
NAV0.406 SGD
Yield (4 quarters)7.75%