Suntec Real Estate Investment ( (SG:T82U) ) has shared an update.
Aelios Pte. Ltd., through its financial advisers United Overseas Bank Limited and DBS Bank Ltd., has made a mandatory conditional cash offer to acquire all outstanding units of Suntec Real Estate Investment Trust that it does not already own. The offer price has been revised to S$1.19 per unit, reflecting strategic efforts to consolidate ownership and potentially enhance the trust’s market position.
More about Suntec Real Estate Investment
Suntec Real Estate Investment Trust is a real estate investment trust based in Singapore, constituted on November 1, 2004. The trust primarily focuses on investing in real estate assets and securities, providing a steady income stream to its stakeholders.
YTD Price Performance: 2.76%
Average Trading Volume: 1,145
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.62B
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