SINGAPORE (Oct 10): RHB is maintaining its “buy” call on Viva Industrial Trust with a target price of 97 cents following the trust’s decision to decline an offer to acquire a property from Ho Lee Group (HLG).
The property located in Ang Mo Kio (AMK) went for a consideration of $300 million and includes key tenants such as Seagate, Wing Tai and Singapore Power.
See: Viva Industrial Trust turns down offer to buy Ang Mo Kio property
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