Sime Darby Property to proceed with Saizen Reit reverse takeover
SIME Darby Property Singapore will have its Australian assets injected in Saizen Real Estate Investment Trust (Reit) through a backdoor listing, Saizen Reit said on Monday.
Saizen Reit will acquire the properties for A$356 million (S$371 million). The properties comprise 20 industrial properties located in Australia, with 18 properties in Queensland and two properties in the Northern Territory, with a total land area of approximately one million square metres.
The latest announcement follows discussions first made public in August.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Air China to buy 100 locally made C919 jets in US$11 billion deal
HCA beats first-quarter profit estimates on higher patient admissions
F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years
LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses
Exxon misses on Q1 profit despite big gains in Guyana
US FDA approves Pfizer’s gene therapy for rare bleeding disorder