Centurion Corporation explores REIT listing
The listing would comprise the group’s worker and student accommodation assets.
Centurion Corporation Limited is exploring a proposed transaction to establish a real estate investment trust (Reit) which would comprise some of the Group’s workers' accommodation assets and student accommodation assets.
The proposed REIT, if established, would be sponsored by the Centurion Corporation and listed on the Main Board of Singapore Exchange Securities Trading Limited subject to the approval of the Monetary Authority of Singapore and the SGXST.
As part of the proposed transaction, the company is considering distributing some of its units in the proposed REIT directly to its shareholders as a dividend.
Centurion Corporation however said that shareholders should note that there is no certainty or assurance that the proposed transaction will occur or occur in the form as described in its announcement.