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The latest announcement is out from Suntec Real Estate Investment ( (SG:T82U) ).
Aelios Pte. Ltd., through United Overseas Bank Limited and DBS Bank Ltd., has made a mandatory conditional cash offer to acquire all issued and outstanding units in Suntec Real Estate Investment Trust not already owned by them. The offer price has been revised to S$1.19 per unit, with no further increase, and the offer’s closing date has been extended. This move could have significant implications for Suntec REIT’s future operations and market positioning as it consolidates control under Aelios Pte. Ltd.
More about Suntec Real Estate Investment
Suntec Real Estate Investment Trust is a real estate investment trust established in Singapore on November 1, 2004. The trust is focused on investing in income-producing real estate and real estate-related assets primarily in the commercial sector within Singapore.
YTD Price Performance: 2.99%
Average Trading Volume: 1,145
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.61B
For a thorough assessment of T82U stock, go to TipRanks’ Stock Analysis page.
