trending Market Intelligence /marketintelligence/en/news-insights/trending/1nRsfzoaGAb_7CkKb2wckA2 content esgSubNav
In This List

OUE Commercial's takeover of OUE Hospitality gets unit holder approval

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

Understanding Loss Given Default A Review of Three Approaches

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends


OUE Commercial's takeover of OUE Hospitality gets unit holder approval

OUE Commercial REIT's unit holders approved the company's planned takeover of its fellow Singapore-listed real estate investment trust OUE Hospitality Trust.

During an Aug. 14 extraordinary general meeting, 95.69% of unit holders voted in favor of the proposed merger that will create one of the largest REITs in the city-state, with an expected market capitalization of about S$2.9 billion and approximately S$6.8 billion of total assets.

The takeover plan received in-principle approval from the Singapore Exchange Securities Trading Ltd. in June.

As of Aug. 14, US$1 was equivalent to S$1.39.