The Tangs made a mandatory conditional offer of $1.16 per unit on Dec 5, 2024, after Aelios acquired some 62.5 million units via the market on the same day, bringing their stake in the REIT to 31.45%.
Gordon and Celine Tang, through their vehicle Aelios, have increased their offer for units in Suntec REIT to $1.19 per unit.
Unitholders who have accepted their previous offer are also entitled to the revised offer price once the offer becomes or is declared unconditional in all respects.
