Brief: Oue Commercial Real Estate Investment Trust Enters Put And Call Option Agreement With Alkas Realty Pte

OUE Real Estate Investment Trust

26/09/2018 14:11

Sept 26 (Reuters) - Oue Commercial Real Estate Investment
Trust  OUEC.SI :
    * ENTERED INTO A PUT AND CALL OPTION AGREEMENT WITH ALKAS
REALTY
PTE. LTD.
    * DEAL TO ACQUIRE OFFICE COMPONENTS OF OUE DOWNTOWN
    * MANAGER TO UNDERATKE RIGHTS ISSUE OF 1.29 BILLION NEW
UNITS IN
OUE C-REIT TO RAISE PROCEEDS OF S$587.5 MILLION
    * PURCHASE CONSIDERATION PAYABLE TO ALKAS REALTY PTE  FOR
PROPOSED
ACQUISITION IS S$908.0 MILLION
    * ESTIMATED TOTAL COST OF PROPOSED ACQUISITION IS ABOUT
S$955.9
MILLION

Source text for Eikon:  ID:nSNZ6VcS6z 
Further company coverage:  OUEC.SI 

 ((Reuters.Briefs@thomsonreuters.com;))