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Suntec Real Estate Investment ( (SG:T82U) ) has shared an announcement.
Aelios Pte. Ltd., through United Overseas Bank and DBS Bank, has made a mandatory conditional cash offer for units in Suntec Real Estate Investment Trust. OCBC, acting as a financial adviser, disclosed that its subsidiary, Bank of Singapore Limited, has purchased additional units, increasing its holdings significantly. This move is part of a broader strategy to consolidate shares within the OCBC group while maintaining compliance with the Singapore Code on Takeovers and Mergers, potentially impacting the trust’s market dynamics and stakeholder interests.
More about Suntec Real Estate Investment
Suntec Real Estate Investment Trust is a company focused on real estate investments, particularly within the Singapore market. It engages in acquiring and managing high-quality commercial properties, catering to both retail and office sectors.
YTD Price Performance: -0.23%
Average Trading Volume: 1,334
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.57B
Find detailed analytics on T82U stock on TipRanks’ Stock Analysis page.
