The proposed merger of OUE Commercial Real Estate Investment Trust (C-Reit) and OUE Hospitality Trust (H-Trust), via a trust scheme of arrangement, was approved by holders of both trusts on Wednesday.

C-Reit unitholders and H-Trust stapled security holders gave the green light on all resolutions pertaining to the merger at separate extraordinary general meetings (EGMs) during the day, according to bourse filings by the trusts' managers.