The Business Times
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Lapse in RTO deal sends Saizen Reit tumbling

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Published Mon, Oct 3, 2016 · 09:50 PM
    Knee-jerk reaction

    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.

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