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ESR-REIT receives approval from unitholders on merger with ARA LOG and proposed issue of new units

Felicia Tan
Felicia Tan • 1 min read
ESR-REIT receives approval from unitholders on merger with ARA LOG and proposed issue of new units
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Unitholders in ESR-REIT voted overwhelmingly in favour of the merger with ARA LOGOS Logistics Trust (ALOG) at an extraordinary general meeting (EGM) held on March 21.

Following the EGM, the manager of ESR-REIT revealed that shareholders holding 98.57% of units within the REIT voted for the merger.

The percentage represents some 1.205 billion of units within ESR-REIT’s total of 1.222 billion units.

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