Hong Kong-listed Spring Real Estate Investment Trust plans to hold an extraordinary general meeting Oct. 29 to consider, among other things, the takeover offer by a unit of Asian alternative investment management firm PAG.
The HK$4.85-per-unit buyout offer commenced Sept. 29 with a first closing scheduled for Oct 29.
The REIT's manager has advised that unit holders take no action as regards the offer for the time being.
The meeting will also see a vote to approve the roughly 1.65 billion yuan shopping mall acquisition in Huizhou, China.
As of Oct. 5, US$1 was equivalent to 6.87 Chinese yuan.