Home News Offer

Cuscaden Peak's chain offer for SPH REIT units declared unconditional

Felicia Tan
Felicia Tan6/2/2022 07:47 AM GMT+08  • 1 min read
Cuscaden Peak's chain offer for SPH REIT units declared unconditional
Paragon Shopping Mall, which is part of the REIT's portfolio.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

The chain offer for SPH REIT made by Cuscaden Peak has turned unconditional.

As at 6pm on June 1, Cuscaden Peak had received valid acceptances of the offer from some 130.06 million units, or 4.64% of the total number of units issued in the REIT.

The acceptances now bring the units owned or controlled by Cuscaden Peak to 1.46 billion units, or 51.96% of the total number of units issued in the REIT. The number also represents some 51.90% of the maximum potential issued units in SPH REIT, satisfying the minimum acceptance condition of Cuscaden Peak holding over 50% of the maximum potential issued SPH REIT units.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.