(Apr 15): On April 9, almost seven million units of OUE Commercial Real Estate Investment Trust changed hands as investors headed for the exit. Just five months after the completion of a dilutive transaction, OUE Commercial REIT announced a second dilutive transaction. On April 8, the managers of OUE Commercial REIT and OUE Hospitality Trust announced a merger between the two under a scheme of arrangement that will need unitholders’ approvals (see Indicative timeline). The sponsor, OUE, and its affiliates cannot vote.

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