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Perennial's offer for PCRT 'fair and reasonable', says adviser

Independent directors, analysts recommend unitholders to accept offer, which will close on Dec 22

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Published Thu, Nov 20, 2014 · 09:50 PM

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    Singapore

    PERENNIAL Real Estate Holdings' (PREH) general offer for the remaining Perennial China Retail Trust (PCRT) units via a share swap is "fair and reasonable" - in terms of both PCRT's and PREH's respective share values.

    This was the recommendation of Deloitte & Touche, the independent financial adviser (IFA), to the independent directors of trust.

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