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Suntec Real Estate Investment ( (SG:T82U) ) has issued an announcement.
Aelios Pte. Ltd., through United Overseas Bank and DBS Bank, has made a mandatory conditional cash offer to acquire all outstanding units of Suntec Real Estate Investment Trust not already owned by them. The offer price has been revised to S$1.19 per unit, with an extension of the closing date announced. This acquisition move highlights strategic positioning in the real estate market, potentially impacting the trust’s stakeholders and market dynamics.
More about Suntec Real Estate Investment
Suntec Real Estate Investment Trust is a real estate investment trust established in Singapore on November 1, 2004. It focuses on investing in a diversified portfolio of income-producing real estate assets primarily used for retail and office purposes.
YTD Price Performance: 1.03%
Average Trading Volume: 1,145
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.55B
For detailed information about T82U stock, go to TipRanks’ Stock Analysis page.
