Cuscaden Peak seeks to acquire SPH Reit for $0.9372 per unit

It stemmed from Cuscaden Peak’s right to reduce the minimum chain offer price.

Investment holding firm, Cuscaden Peak, said it made a price offer of  $0.9372 per unit for the acquisition of real estate investment trust firm, SPH Reit.

Cuscaden Peak landed at the price after it intended to exercise its right to reduce the minimum chain offer price by the aggregate of the first quarter of fiscal year 2022 and the second quarter of fiscal year 2022.

In accordance with Rule 14.2 of the Singapore Code on Take-overs and Mergers Code, if the Offeror Concert Parties do not hold in aggregate more than 50% of the issued SPH REIT Units when the Chain Offer is made, the Chain Offer is required to be made conditional upon the Offeror Concert Parties receiving such number of acceptances.

This would result in the Offeror Concert Parties holding in aggregate more than 50% of the voting rights attributable to the total issued SPH REIT Units.

Follow the link 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!


C&W Services transforms headquarters into a ‘living lab’
The new office is set to be the ground for the firm’s new facilities management technologies.
How investor stewardship puts companies in a win-win state
Stewardship Asia Centre CEO says a company’s failure to take care of society is a failure to take care of its stakeholders.
Creating harmony in a heterogonous workforce 
An HR expert said tests like DISC can help identify which employees can work best together.

Event News

Event News