Mindarie Investment Pte. Ltd. has launched a mandatory conditional cash offer for all issued and outstanding units in Alpha Integrated REIT (AI-REIT) not already owned or controlled by it and its concert parties.
This offer for units of the REIT, which was formerly known as Sabana Industrial REIT, was announced on 23 December.
The offer, made through United Overseas Bank Limited on behalf of Mindarie Investment, follows the acquisition of 241,568,431 units in the REIT by its parent company Volare Group AG from ESR Group Limited and E-Shang Infinity Cayman Limited for SGD0.40 per unit.
Dear members, please login to continue reading this article.
Login or sign-up for a free 25-day trial here. Why subscribe?