The scheme consideration payable to VIT unitholders is 96 cents per unit, implying 1.26 times book value.
SINGAPORE (June 4): CIMB is maintaining its “add” call on ESR-REIT (EREIT) with a higher target price of 62 cents.
This came on the back of the REIT proposing the first merger in Singapore REIT (S-REIT) history with Viva Industrial Trust (VIT), by way of a trust scheme arrangement.
