Saizen REIT to delist from SGX on 6 October

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Saizen REIT will be delisted from the Singapore Exchange (SGX) with effect from 9.00 a.m. on 6 October 2017, a filing listed with the bourse has confirmed.

Current and past unitholders of the REIT who have not received or claimed any of the past distributions to which they are entitled to can contact the trustee of the REIT, or the Central Depository, said Saizen in one of its final announcements on the SGX.

Units of Saizen REIT has been suspended from trading on the SGX since May 2017.

Saizen REIT had also earlier disposed off all properties under its portfolio, and existed as a cash trust after March 2017, after a deal with Sime Darby to resurrect the REIT fell through.

Saizen REIT was Singapore first and only residential REIT, and it invested in a portfolio of exclusively Japanese properties.

At one point of time, Saizen REIT held a portfolio of 136 residential properties in 14 cities across Japan.

The REIT was listed on the SGX in November 2007.

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About Author

Ridzwan Rahmat has been analysing Singapore-listed REITs and business trusts, since 2008. For disclosure purposes, Ridzwan is currently vested in Mapletree Greater China Commercial Trust, Mapletree Industrial REIT and Mapletree Logistics Trust.

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