Sias reminds unitholders of Soilbuild Reit to take action

IN LESS than a week, unitholders of Soilbuild Business Space Reit will have to vote on a proposed privatisation offer from Blackstone Real Estate and the executive chairman of the Reit's sponsor, Soilbuild Group, Lim Chap Huat.

The offer is via a trust scheme of arrangement, which means its outcome will be determined by minorities. Mr Lim and his concert parties will abstain from voting.

Here is a brief summary of the relevant issues.