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Cuscaden Peak’s Offer For SPH REIT Turns Unconditional (Straits Times)

June 3, 2022 – Cuscaden Peak’s mandatory cash offer to acquire all units of SPH real estate investment trust (Reit) has turned unconditional in all respects, according to a bourse filing on Thursday, according to a report from The Straits Times.

Offeror Cuscaden Peak had received valid acceptances of its chain offer in respect of approximately 4.64 per cent of total issued SPH Reit units.

This brings the total number of units owned, controlled, acquired or agreed to be acquired by the offeror and its concert parties to around 1.46 billion, representing 51.96 per cent of the total number of issued SPH Reit units.

This satisfies the minimum acceptance condition of 50 per cent of the issued SPH Reit units as at June 1, making Cuscaden’s offer unconditional in all respects, the statement said.

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