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Viva Industrial Trust's merger with ESR-REIT a win-win situation: Maybank

Samantha Chiew
Samantha Chiew5/21/2018 11:30 AM GMT+08  • 2 min read
Viva Industrial Trust's merger with ESR-REIT a win-win situation: Maybank
SINGAPORE (May 21): Maybank Kim Eng is downgrading its call on Viva Industrial Trust (VIT) to “hold” from “buy” previously, with a lowered target price of 96 cents.
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SINGAPORE (May 21): Maybank Kim Eng is downgrading its call on Viva Industrial Trust (VIT) to “hold” from “buy” previously, with a lowered target price of 96 cents.

This came on the back of the trust announcing that ESR-REIT has confirmed its acquisition of VIT for $936.7 million, which has been in discussions since end-Jan 2018.


See: Warburg Pincus-backed REIT to buy rival in Singapore's first REIT merger

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