About 99% of ESR-REIT shareholders approve ARA LOGOS merger

More than 1.2 billion voting shares decided the fate of the two companies.

An overwhelming majority of ESR-REIT shareholders voted in approval for the merger with ARA Logos Logistics Trust (ALOG). 

Of the 1.22 billion units, represented as votes, represented during the extraordinary general meeting held on 21 March 2022, 1.2 billion (98.57%) voted for the merger whilst 17 million (1.43%) voted against it. 

Approximately 98.44% of votes were also cast in favour of a proposal to issue new units to the ALOG unitholders at an issue price of $0.59 each. 

As both of the above resolutions garnered a vote of above 50%, they were duly passed during the meeting. 

Read more:

ESR-REIT and ARA LOGOS unitholders to discuss proposed merger

ESR-REIT chief exec to serve as CEO of ESR-LOGOS REIT manager

Follow the links for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!