Soilbuild Reit units surge 5% on 'fair' privatisation offer
Reit's limited ability to buy assets that are DPU accretive main motivation for privatisation
Singapore
ANALYSTS largely showed support for the privatisation offer of Soilbuild Business Space Reit by Soilbuild Group's executive chairman Lim Chap Huat and Blackstone Real Estate via a trust scheme of arrangement, announced on Monday.
Units in the Reit rose as high as 5.5 per cent to hit an intra-day high of S$0.54 after its trading halt was lifted post-lunch. They ended the day 4.9 per cent higher at S$0.535, with 11.8 million units changing hands.
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