Brief: Oue Commercial REIT Announces Proposed Merger Of Co & OUE Hospitality Trust

OUE Real Estate Investment Trust

08/04/2019 24:53

April 8 (Reuters) - Oue Commercial Real Estate Investment
Trust  OUEC.SI :
    * PROPOSED MERGER OF OUECT AND OUEHT BY WAY OF A TRUST
SCHEME OF
ARRANGEMENT
    * TOTAL COST OF PROPOSED MERGER IS CURRENTLY ESTIMATED TO BE
APPROXIMATELY S$1,515.3 MILLION
    * SCHEME CONSIDERATION HAS AGGREGATE CASH CONSIDERATION
S$74.6
MILLION,ISSUE CONSIDERATION UNITS S$0.57/UNIT
    * PROPOSED MERGER OF OUE COMMERCIAL REIT & OUE HOSPITALITY
TRUST
    * MERGER TO CREATE S-REIT WITH TOTAL ASSETS OF ABOUT S$6.8
BILLION

Source text for Eikon:  ID:nSNZ7t3Gl5 
Further company coverage:  OUEC.SI 

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