Soilbuild REIT, on Feb 17, issued a scheme document revealing that it has reduced its privatisation offer to 53.806 cents per unit, from 55 cents previously.
According to the document, the scheme consideration was reduced by the distribution per unit (DPU) of 1.194 cents that was distributed for the 4QFY2020 ended December on Jan 21.
The reduction was mentioned on Dec 14, 2020, when executive chairman and co-founder of the REIT, Lim Chap Huat, had offered to take the REIT private at 55 cents in cash per unit.
See: Soilbuild REIT 4Q20 DPU up 29.1% to 1.194 cents on higher revenue and NPI and Soilbuild REIT executive chairman and co-founder offers 55 cents per unit to privatise REIT
As at 9.04am, units in Soilbuild REIT are trading 0.5 cent higher or 0.9% up at 53.5 cents.
