Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
The latest update is out from Suntec Real Estate Investment ( (SG:T82U) ).
Suntec Real Estate Investment Trust is involved in a mandatory conditional cash offer by United Overseas Bank Limited and DBS Bank Ltd., on behalf of Aelios Pte. Ltd. The disclosure involves a transaction by Bank of Singapore Limited, a subsidiary of OCBC, which acquired 42,500 units at a price of S$1.1824 per unit, resulting in a total amount of S$50,252.00. OCBC’s entities, holding exempt fund manager and exempt principal trader status, now collectively control 22,399,485 units. This transaction aligns with the Singapore Code on Takeovers and Mergers and does not imply concert action with the offeror.
More about Suntec Real Estate Investment
YTD Price Performance: 4.02%
Average Trading Volume: 1,145
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.63B
For an in-depth examination of T82U stock, go to TipRanks’ Stock Analysis page.
