Singapore's Aelios raises offer to buy rest of Suntec REIT at $2.5 bln valuation (updated)

Suntec Real Estate Investment Trust

08/01/2025 14:06

(Adds details on new offer and background in paragraphs 2-3)
       Jan 8 (Reuters) - Singapore's Suntec Real Estate
Investment Trust  SUNT.SI  said on Wednesday that investment
holding firm Aelios has increased the offer price to buy the
REIT's shares it does not already own, valuing Suntec at S$3.48
billion ($2.54 billion).
    Aelios, owned by billionaire couple Gordon and Celine Tang,
raised the offer to S$1.19 per share, up from the previous bid
made in December of S$1.16 apiece.
    The revised offer represents a 2.6% premium to Suntec's
close on Dec. 4. Aelios already owns about a third of the REIT.

 ($1 = 1.3689 Singapore dollars)

 (Reporting by Sherin Sunny in Bengaluru; Editing by Shounak
Dasgupta)
 ((Sherin.Sunny@thomsonreuters.com))