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Lapse in RTO deal sends Saizen Reit tumbling

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Sime Darby Business Centre at 315 Alexandra Road. A Lapse in the framework agreement for a reverse takeover (RTO) of Saizen Reit by Malaysian conglomerate Sime Darby sent the Reit on a dive on Monday.

Singapore

A LAPSE in the framework agreement for a reverse takeover (RTO) of Saizen Reit by Malaysian conglomerate Sime Darby sent the Reit on a dive on Monday.

Units of Saizen Reit tumbled 27 per cent to 4.3 Singapore cents, a 52-week low, after 7.13 million shares changed hands