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Perennial Real Estate's offer for PCRT now unconditional

PERENNIAL Real Estate Holdings' (PREHL) offer for Perennial China Retail Trust (PCRT) is now unconditional in all respects.

As at the close of markets on Thursday, PREHL, and parties acting in concert, owned, controlled, have acquired, or agreed to acquire, an aggregate of 631,958,793 units, representing approximately 55.16 per cent of the PCRT issued units.

The offer is for each PCRT unit to be satisfied by 0.52423 PREHL shares.

As the offer has become unconditional, the offer will remain open for acceptance until 5.30pm on Dec 22.