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Sime Darby to inject Aussie properties into Saizen Reit in reverse takeover

This will provide opportunity for Reit to venture into new business; Reit's market cap expected to be at least S$300m on completion of deal


MALAYSIAN conglomerate Sime Darby Berhad is injecting some Australian industrial properties into Saizen Reit in return for a majority stake in the Reit through a reverse takeover. It will also be taking up an 80 per cent stake in the Reit manager.

A framework agreement