Friday, February 28th, 2025

Mandatory Cash Offer for Suntec REIT: Electronic Dissemination of Offer Document and Key Acceptance Procedures








Mandatory Cash Offer for Suntec REIT: What Unitholders Need to Know

Mandatory Cash Offer for Suntec REIT: What Unitholders Need to Know

Aelios Pte. Ltd., in collaboration with United Overseas Bank Limited (UOB) and DBS Bank Ltd., has launched a mandatory conditional cash offer for all issued and outstanding units of Suntec Real Estate Investment Trust (Suntec REIT), excluding those already owned or controlled by Aelios or its concert parties. This offer, effective from 23 December 2024, could significantly impact the valuation of Suntec REIT and is crucial for unitholders to understand.

Key Highlights of the Offer

  • The offer is being made by Aelios Pte. Ltd., supported by financial advisers UOB and DBS.
  • The Offer Document and related materials have been disseminated electronically, in line with the Securities Industry Council’s guidelines.
  • Unitholders must access the Offer Document online via the SGX-ST website or Suntec REIT’s official website.
  • No printed copies of the Offer Document will be distributed, although acceptance forms for the offer are physically provided.

What Unitholders Need to Know

The offer applies to all units that are not already controlled by Aelios Pte. Ltd. and its concert parties, which include key stakeholders such as Mr. Tang Yigang @ Gordon Tang and other associated individuals. Unitholders are advised to carefully review the terms provided in the Offer Document before taking any action.

Here are the key procedural details:

  • Electronic Access: Unitholders can view and download the Offer Document via the SGX-ST website by navigating to the “Company Announcements” section and searching for Suntec REIT.
  • Acceptance Forms: The relevant acceptance forms, including the Form of Acceptance and Authorisation (FAA) and the Form of Acceptance and Transfer (FAT), are enclosed with the notification.
  • Submission Deadline: Completed forms must be submitted by 5:30 PM (Singapore time) on 20 January 2025.
  • Submission Methods: Forms can be returned by post using the pre-addressed envelope or delivered by hand to the specified address. Electronic submission is also available for individual and joint-alt account holders via the SGX-ST Investor Portal.

Potential Implications for Shareholders

This offer could be price-sensitive, as it may indicate a strategic move by Aelios Pte. Ltd. to consolidate its position in Suntec REIT. The outcome of this offer could influence Suntec REIT’s share price in the coming weeks. Shareholders should monitor announcements regarding any changes to the offer deadline or additional disclosures from the independent directors of ESR Trust Management (Suntec) Limited, who are expected to provide their views on the offer within 14 days.

Unitholders are encouraged to seek advice from financial, legal, or tax advisers to determine the best course of action based on their individual circumstances.

Responsibility Statement

The directors of Aelios Pte. Ltd. confirm that all facts in the notification are accurate and no material information has been omitted. They accept full responsibility for the contents of the document.

Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial or investment advice. Readers are encouraged to consult their financial or legal advisers before taking any action. The author and publisher are not responsible for any decisions made based on this information.




View Suntec Reit Historical chart here



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