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Soilbuild REIT executive chairman and co-founder offers 55 cents per unit to privatise REIT

Felicia Tan
Felicia Tan12/14/2020 09:06 AM GMT+08  • 5 min read
Soilbuild REIT executive chairman and co-founder offers 55 cents per unit to privatise REIT
As at 9.05am, units in Soilbuild REIT are trading flat at 51 cents.
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The manager of Soilbuild REIT announced on Dec 14 that it intends to privatise and subsequently delist Soilbuild REIT.

This will be done via a trust scheme of arrangement with Clay Holdings III.

Clay Holdings III is a newly-incorporated entity owned by Clay Holdings II, which is in turn owned by Lim Chap Huat, the executive chairman and co-founder of Soilbuild Group Holdings, and Clay Holdings I, an entity established by funds managed by affiliates of Blackstone Real Estate.”

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