SINGAPORE (Sept 24): Unitholders of OUE Commercial Real Estate Investment Trust are likely to vote in favour of the three resolutions put to them on Sept 28. This includes the sale of the office portion of OUE Downtown to the REIT for $908 million. OUE, as sponsor and major unitholder of OUE C-REIT, has given an undertaking to subscribe to its share of the rights issue announced on Sept 11, which is likely to be $328.29 million. In the event that OUE as sub-underwriter has to take up as much as 66% of the rights issue, it would still experience a cash inflow of $199.75 based on the monies raised through the rights issue. Overall, OUE is set to book at least $520 million in cash inflow from the transaction, excluding fees. 

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.


  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply