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Nan Fung makes offer for Forterra Trust

Bid at S$1.85 per unit comes as Nan Fung's stake hits 30.79% after exercise of option

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Published Tue, Nov 4, 2014 · 09:50 PM

Singapore

NAN Fung International Holdings - one of the largest privately-owned property developers in Hong Kong - has made a mandatory conditional cash offer for Singapore-listed Forterra Trust at S$1.85 per unit.

The offer, announced before market opening on Tuesday, sent Forterra units up 16 cents to a six-month high of S$1.86. The business trust is an owner, manager and developer of commercial real estate in China.

forterra trust

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