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Suntec Real Estate Investment ( (SG:T82U) ) has shared an update.
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. This announcement involves a transaction where OCBC, acting as a financial adviser, disclosed its dealings in accordance with the Singapore Code on Takeovers and Mergers. The transaction involved the selling of 10,016 units at S$1.2409 per unit. The transaction reflects ongoing strategic maneuvers within the real estate investment sector, potentially affecting ownership structures and impacting stakeholders such as fund managers and traders within the OCBC group.
More about Suntec Real Estate Investment
YTD Price Performance: 2.07%
Average Trading Volume: 1,145
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.62B
For an in-depth examination of T82U stock, go to TipRanks’ Stock Analysis page.