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Croesus unitholders okay purchase by Blackstone

Units expected to be delisted on Oct 24 and the acquisition, by way of a trust scheme, is valued at S$1.17 in cash per unit

Published Wed, Sep 13, 2017 · 09:50 PM
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Singapore

BLACKSTONE's acquisition of Croesus Retail Trust (CRT) has been approved by unitholders, with the units expected to be delisted on Oct 24.

On Wednesday, CRT, a Japanese retail mall owner, announced in a Singapore Exchange filing that the trust deed amendment was approved with 98.72 per cent of units represented by votes (either in person or by proxy).

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