Mapletree Commercial Trust and Mapletree North Asia Commercial Trust plan to merge, creating one of Asia’s top-10 largest REITs.
Keppel’s attempt to take over SPH suffered a setback, with a ruling striking down its condition delaying a vote on Cuscaden’s competing bid.
Mapletree Logistics Trust received applications for around 134 percent of the total 159.11M new units available in its preferential offering.
Cuscaden Peak said the difference in value between its offer for SPH and Keppel’s has actually widened since November.
Keppel’s shareholders have overwhelmingly approved the company’s bid to take over SPH at an EGM, sending the ball to SPH’s shareholders next.
SG stocks Fri., 2 Dec. 2021: Cuscaden Peak, SPH, CityDev, LMIRT, Sembcorp, FLCT, CapitaLand Investment, Temasek, UOL, AEM, SIA Engineering, MLT and Spackman.
Cuscaden Peak’s SPH bid has received approval from Australia, marking the final regulatory hurdle for the eleventh-hour offer.
Mapletree Logistics Trust launched a private placement and preferential offering to raise around S$700M to finance proposed acquisitions.
Mapletree Logistics Trust has entered a deal to acquire the Kuwana Logistics Centre in Japan for around S$416.3 million.
Singapore stocks Mon., 22 Nov 2021: Sinjia Land, SPH REIT, Prime US REIT, ESR-REIT, MLT, Keppel DC REIT, iFAST, Sim Leisure, Sunpower and Vividthree.
Cuscaden Peak’s bid to snatch SPH from Keppel has cleared key regulatory hurdles in Singapore, moving its offer closer to the finish line.
Despite Cuscaden Peak upping the ante on its bid for SPH, Keppel Corp. said Tuesday it was letting its existing offer ride.