SPH REIT is set to remain listed as acceptance of Cuscaden Peak’s chain offer for all of its units was limited.
SG stocks Monday: Olam, Kim Heng, Yangzijiang Shipbuilding, F&N, SPH REIT
Cuscaden Peak is likely “happy” to keep SPH REIT as a listed entity while collecting REIT-management fees, Daiwa said in a note Thursday.
SG stocks Thursday, 2 June 2022: Singtel, Cuscaden Peak, SPH REIT, DBS, UOB, OCBC, The Hour Glass, QT Vascular, EC World REIT and SGX.
Cuscaden Peak’s offer to acquire all of SPH REIT’s units has become unconditional, as acceptances pushed its holding over the 50% threshold.
SG stocks Monday, 30 May 2022: SPH REIT, Nutryfarm, OCBC, SMI Vantage, Stamford Land, Singtel and APAC Realty.
The independent financial advisor (IFA) has advised SPH REIT unitholders accept Cuscaden Peak’s offer, according to the circular.
Singapore substantial shareholder changes: Temasek and SPH REIT; and Yangzijiang Financial Holdings (YZJFH) and T. Rowe Price Associates.
SG stocks Wednesday, 4 May 2022: Cuscaden Peak, SPH REIT, Suntec REIT, DBS, UOB, OCBC, ART, Mapletree Logistics, LMIRT, CICT and others.
Cuscaden Peak, the consortium which bought SPH, has set the price for its chain offer for all the units of SPH REIT at S$0.9372 a unit.
SG stocks Friday, 28 April 2022: Cuscaden Peak, SPH REIT, Mapletree Logistics, Yangzijiang Financial, FEHT, Singtel and F&N.
Cuscaden Peak, the consortium which bought SPH, is required to make a chain offer for all of SPH REIT, according to an SGX filing Thursday.