Conditional Cash Offer for Suntec REIT Made at $1.16 Per Unit

News about Suntec REIT

A mandatory conditional cash offer to acquire all the units of Suntec REIT has been made by Aelios at $1.16 per unit:

Aelios said that the offer was made solely to comply with Rule 14.1 of Singapore’s takeover code, by which any entity controlling more than 30 per cent of a Reit must make a mandatory general offer to acquire its remaining units.

Suntec REIT
Price1.130 SGD
NAV2.050 SGD
Yield (4 quarters)5.53%
Gearing43.4%