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Saizen Reit to be liquidated after proposed RTO falls through

Reit manager says it is not possible to complete the transaction by the long-stop date of March 31, 2017

Published Fri, Mar 10, 2017 · 09:50 PM

Singapore

THE transaction process on a proposed reverse takeover (RTO) deal between Saizen Real Estate Investment Trust (Reit) and Sime Darby Property Singapore, which has been brewing since August 2016 and twice delayed, has fallen through and the Reit will be liquidated.

Saizen Reit's manager, Japan Residential Assets Manager Limited, said o…

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