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First Real Estate Investment ( (SG:AW9U) ) just unveiled an announcement.
First REIT has received a non-binding letter of intent from PT Siloam International Hospitals to acquire its portfolio of hospital assets in Indonesia. In response, the Board has initiated a strategic review to explore various options, including potential joint ventures and asset divestments, to enhance the trust’s value. Citigroup Global Markets Singapore has been appointed to assist in this review, and there is no certainty that any transaction will occur. Stakeholders are advised to exercise caution, as any developments will be disclosed per regulatory requirements.
More about First Real Estate Investment
First Real Estate Investment Trust (First REIT) operates in the real estate industry, primarily focusing on healthcare-related properties. It manages a portfolio that includes hospital assets in Indonesia, with a market focus on delivering sustainable long-term value to its unitholders.
YTD Price Performance: -2.09%
Average Trading Volume: 5,100
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $389.8M
See more insights into AW9U stock on TipRanks’ Stock Analysis page.
