Cuscaden Peak is likely “happy” to keep SPH REIT as a listed entity while collecting REIT-management fees, Daiwa said in a note Thursday.
Cuscaden Peak’s offer to acquire all of SPH REIT’s units has become unconditional, as acceptances pushed its holding over the 50% threshold.
The independent financial advisor (IFA) has advised SPH REIT unitholders accept Cuscaden Peak’s offer, according to the circular.
Singapore company briefs: Singapore Press Holdings (SPH), JUMBO Group, Nutryfarm International and Asiatravel.com.
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.
SG stocks Monday, 25 April 2022: iFAST, Cuscaden Peak, Keppel, Wee Hur, UOB, Dasin Retail Trust, Cromwell European REIT, Isetan and others.
Cuscaden Peak’s consortium members will review SPH to evaluate strategic options, including re-organization, consortium member HPL said.
SG stocks Monday, 18 April 2021: Yangzijiang Shipbuilding, Lendlease REIT, Genting Singapore, Yoma, Singapura Finance, Sasseur REIT and others.
It’s crunch time for SPH shareholders to choose either cash or cash and SPH REIT units as their consideration for Cuscaden Peak’s takeover.