Saizen Reit to delist from SGX on Oct 6

MAINBOARD-LISTED Saizen Reit announced on Wednesday that it will be delisting from the Singapore Exchange (SGX) on Oct 6, following a termination notice issued earlier this year.

In an SGX filing, Saizen said that the termination of the Reit will also take place on Oct 6.

It added that current and past unitholders should contact The Central Depository (Pte) Limited or their brokers or Perpetual (Asia) Limited (in its capacity as trustee of the Reit), if they have not received or claimed any of the past distributions of the Reit to which they are entitled.

"The value of units and the income derived from them, if any, may fall or rise. Units are not obligations of, deposits in, or guaranteed by, the manager, or any of its affiliates. An investment in units is subject to investment risks, including the possible loss of the principal amount invested.

"Investors should note that they have no right to request the manager to redeem their units while the units are listed. It is intended that unitholders may only deal in their units through trading on the SGX-ST. The listing of the units on the SGX-ST does not guarantee a liquid market for the units," Saizen said.

On May 16, a notice of termination was issued to unitholders and trading had been suspended since then.

A final distribution was scheduled for payment to unitholders on Monday.