Suntec Real Estate Investment (SG:T82U) has released an update.
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Suntec Real Estate Investment Trust is the focus of a mandatory conditional cash offer initiated by Aelios Pte. Ltd., with United Overseas Bank and DBS Bank acting on its behalf. In recent dealings, OCBC’s subsidiary, Bank of Singapore, acquired 55,250 units at S$1.1824 each, bringing OCBC group’s total holdings to over 22 million units. These transactions highlight significant interest and activity in Suntec’s units, potentially affecting market dynamics.
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