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Suntec Real Estate Investment ( (SG:T82U) ) has provided an update.
Suntec Real Estate Investment Trust is involved in a mandatory conditional cash offer as part of a financial transaction involving Aelios Pte. Ltd., with United Overseas Bank Limited and DBS Bank Ltd. acting on behalf of Aelios. Oversea-Chinese Banking Corporation (OCBC) disclosed a transaction in which its subsidiary, Bank of Singapore Limited, acquired 46,750 units at S$1.1824 each, totaling S$55,277.20, under an existing derivative contract. This acquisition increases the total units owned or controlled by OCBC group entities to 22,636,219 units, which are exempt under certain trading regulations and are not considered to be acting in concert with the offeror.
More about Suntec Real Estate Investment
YTD Price Performance: 2.24%
Average Trading Volume: 1,145
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.56B
Learn more about T82U stock on TipRanks’ Stock Analysis page.