ESR-REIT

The property is located in the Bukit Merah district.

The announcement was about the issue of $150m in an aggregate amount of 5.50%.

Don Kok Chew Meng has experience in finance in the past decade.

The logistics hub will sell for $43.5m.

Higher utility expenses drag down DPU for the first half of the year.

The net proceeds of the issuance will be used to fund the merger.

With its entry, ARA LOGOS has been delisted from the bourse.

The redevelopment is expected to be finished in two years.

The merger will be done by way of a trust scheme arrangement.

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

The appointment will be official should the merger of ESR-REIT and ALOG push through.

The meeting will be held on 21 March 2022. 

The amount available for distribution also increased 15.4% YoY to $114.4m.

The revised offer will increase ALOG’s DPU accreditation to 12.8%.

The increase represented increased considerations of 2.1% in cash and 5.8% in shares.

The proceeds will go to repayments, asset enhancements, acquisitions, buy-backs.