Unitholders in ARA LOGOS Logistics Trust (ALOG) have voted in favour of the scheme resolution, as well as the amendment of the trust deed in relation to the merger with ESR-REIT at an extraordinary general meeting (EGM) held on March 21.
See also: ESR-REIT receives approval from unitholders on merger with ARA LOG and proposed issue of new units
During the EGM, 62.9% of the unitholders present, holding 92.46% of the total number of units in (ALOG) voted in favour of the scheme resolution.
The 92.46% translates to 494.08 million units in ALOG, out of the total of 534.37 million units in the REIT.
Unitholders holding 94.75% of the units in ALOG have also approved the amendment of the trust deed.
Both resolutions have been passed and the merger will be going ahead, subject to court approval.
See also: CICT's manager proposes to acquire ION Orchard at $1.85 billion, subject to EGM
Units in ALOG last traded at 82.5 cents before its trading halt on the morning of March 21.
Photo: ALOG
