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

Suntec Real Estate Investment Trust (Suntec REIT) is the target of a mandatory conditional cash offer by Aelios Pte. Ltd., announced on December 5, 2024. The offer is facilitated by United Overseas Bank Limited (UOB) and DBS Bank Ltd. on behalf of the Offeror. This move seeks to acquire all issued and outstanding units not already owned by the Offeror and its concert parties.

Key details for shareholders include the anticipated release of a formal Offer Document detailing terms and conditions. This document is expected to be available between 14 to 21 days from the initial announcement. Additionally, an Independent Financial Adviser (IFA) will be appointed to guide the independent directors of Suntec REIT through the process.

A forthcoming circular will contain the IFA’s advice and the independent directors’ recommendations on the offer, expected within 14 days following the Offer Document dissemination. Shareholders are urged to exercise caution in dealing with their units and consult financial advisors if necessary. The management has committed to making further announcements in accordance with legal requirements.

With assets in prime locations such as Suntec City and Marina Bay Financial Centre, Suntec REIT holds significant interests in commercial properties across Singapore, Australia, and the UK. This offer could potentially impact the share values, given the strategic importance of these assets.

ESR Trust Management (Suntec) Limited, the manager of Suntec REIT, emphasizes its dedication to sustainable management, corporate governance, and value delivery to unitholders. The broader ESR Group, a prominent player in Asia-Pacific’s real estate sector, supports this management.

Important Notice: This announcement serves informational purposes only and does not constitute an offer or solicitation to sell or acquire units in Suntec REIT. Investment in units carries risks, and the past performance is not indicative of future results. Investors should trade units through the SGX-ST, where liquidity is not guaranteed.