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Suntec Reit units close 4.3% higher after news of strategic review; units worth S$577 million traded

New sponsor Tang Organization is launching a review to boost portfolio performance and future distributions

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Chong Xin Wei
Deon Loke

Chong Xin Wei &

Deon Loke

Published Thu, Mar 19, 2026 · 11:22 AM — Updated Thu, Mar 19, 2026 · 11:05 PM
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    • Tang Organization says the initiatives could “support higher distributions” in the coming years, while balancing Suntec Reit’s capital management needs and long-term sustainability.
    • Tang Organization says the initiatives could “support higher distributions” in the coming years, while balancing Suntec Reit’s capital management needs and long-term sustainability. PHOTO: BT FILE

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    [SINGAPORE] Suntec Real Estate Investment Trust (Reit) rose 4.3 per cent or S$0.06 to close at S$1.46 on Thursday (Mar 19), after heavy trading on the back of an announcement that its new sponsor, Tang Organization, plans to undertake a comprehensive strategic review of the trust’s portfolio.

    By the close of trading, 343.3 million units worth S$577.7 million had changed hands. It was the day’s most actively traded stock both in terms of volume and value on the Singapore Exchange.

    A block trade of 318 million units, representing over 10 per cent of the Reit’s total units in issue, were traded before the opening bell at S$1.70 apiece.

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