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Sabana Industrial REIT ( (SG:M1GU) ) just unveiled an update.
Mindarie Investment Pte. Ltd., indirectly wholly owned by Volare Group AG, has triggered a mandatory conditional cash offer for all issued and outstanding units in Alpha Integrated Real Estate Investment Trust not already owned or controlled by it and its concert parties, after Volare entered into an agreement to acquire a substantial stake from ESR Group Limited and E-Shang Infinity Cayman Limited. The offer, to be made in compliance with Rule 14 of the Singapore Code on Take-overs and Mergers, underscores a potential change of control at AI-REIT and could alter its unitholder base and strategic direction, marking a significant development in the Singapore REIT market and for existing investors evaluating the terms of the cash exit opportunity.
The most recent analyst rating on (SG:M1GU) stock is a Hold with a S$0.50 price target. To see the full list of analyst forecasts on Sabana Industrial REIT stock, see the SG:M1GU Stock Forecast page.
More about Sabana Industrial REIT
Alpha Integrated Real Estate Investment Trust (AI-REIT) is a Singapore-constituted real estate investment trust focused on income-producing real estate assets. As a listed REIT, it provides investors with exposure to a diversified property portfolio while distributing rental income as regular yields, operating under the regulatory framework of the Singapore Code on Take-overs and Mergers for significant ownership changes.
Average Trading Volume: 493,526
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$523.2M
See more data about M1GU stock on TipRanks’ Stock Analysis page.