SPH Reit sells S$19.8m worth of units in married deal

SPH Reit said its trustee-manager has sold 20 million units worth S$19.8 million in a married deal to an undisclosed party.

The deal means each unit was sold at S$0.988 apiece. Units of SPH Reit traded at S$1.005 as at 9.57am on Thursday, down two cents or 1.95 per cent.

A married deal is an off-market transaction, or a block trade, to a specific party. The sale represents less than one per cent of the total number of voting units. Identities of unitholders are made public only when their total holdings cross 5 per cent, and the unitholders are deemed substantial unitholders.