Prior to the transaction, Aelios owned an aggregate of 856,201,901 units, representing a stake of approximately 29.31%.
Gordon and Celine Tang, through their vehicle Aelios, have made a mandatory conditional offer of $1.16 per unit for all the issued and outstanding units in Suntec REIT. The offer price is at a significant discount to Suntec REIT's net asset value of $2.097 as at end-June.
On Dec 5, Aelios acquired an aggregate of 62,541,700 units via the market for at $1.16 per unit, which represents approximately 2.14% of the total units of the REIT.
