Cuscaden Peak is a consortium comprising Hotel Properties (HPL), CLA Holdings and Mapletree Investments (which are private companies owned by Temasek).
Cuscaden Peak, which intends bid for Singapore Press Holdings, has confirmed the minimum chain offer price for SPH REIT, if and when it formally makes the offer, to be 96.4 cents.
SPH owns 66.27% of separately-listed SPH REIT and such "chain offers" are required under rules of the SIC.
