Both Aelios and Acrophyte Asset Management are held by Gordon and Celine Tang.
ESR Trust Management, manager of Suntec REIT, says that its acquisition by Acrophyte Asset Management has been given the green light by the Monetary Authority of Singapore.
The acquisition of the manager was first tabled last December, which follows a mandatory conditional offer of $1.16 per unit in Suntec REIT on Dec 5, 2024 by an entity called Aelios.
