Soilbuild Business Space REIT Clarifies Details on Proposed Acquisition
February 23, 2021 – Soilbuild Business Space REIT issued a statement baring details of their proposed privatisation.
Soildbuild said that as at the latest practicable date and based on the latest information, the interests in the Soilbuild ynits owned, controlled or agreed to be acquired are set out below:
In December 2020, the respective boards of directors of Soilbuild REIT Management, and Clay Holdings III Limited jointly announced the proposed privatisation and delisting of Soilbuild REIT.
Clay Holdings III, a newly-incorporated entity formed for the purpose of the Trust Scheme, is owned by Clay Holdings II Limited, which is in turn owned by Mr. Lim Chap Huat, Executive Chairman and Co-founder of Soilbuild Group Holdings Ltd.
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