US-based wealth management firm BlackRock Inc has indirectly sold of 949,100 units of Singapore-listed retail and office REIT, Suntec REIT(SGX:T82U), a filing made on the Singapore Exchange on 10 March has revealed.
The units were disposed through a market transaction on 8 March via its subsidiaries. Total consideration received for the units was SGD 1,569,706, translating to about SGD1.65 received per unit.
With the disposal, BlackRock now has a deemed interest in 151,477,288 units of Suntec REIT, representing a stake of about 5.99%.
Units of Suntec REIT finished the trading day 1.52% higher from its previous close on the Singapore Exchange to end at SGD1.66.