ESR-Logos REIT (SGX:J91U) received an approval in-principle from the Singapore Exchange Trading for the listing of, and dealing in and quotation of consideration units, according to a late Wednesday bourse filing.
The consideration units will be issued pursuant to the acquisition of 100% trust beneficiary interest in ESR Yatomi Kisosaki Distribution Centre in and 51% interest in 20 Tuas South Avenue 14, Singapore.
Earlier, the company had agreed to acquire a 100% trust beneficiary interest in logistics property, ESR Yatomi, for 38.0 billion yen, and acquire a 51% stale in a high specifications manufacturing facility located at 20 Tuas South Avenue 14 in Singapore for around SG$223.9 million.
Shares of the trust were up nearly 2% in recent trading.
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