The mandatory conditional cash offer by Aelios to acquire all issued units of Suntec REIT has lapsed.
The offer, which closed at 5:30 p.m. Singapore time on 7 February 2025, failed to meet the acceptance threshold of 50% of total voting rights required under Singapore’s takeover code.
Property tycoon Gordon Tang-controlled Aelios, initially offered SGD1.19 per unit in a revised bid on 8 January 2025 for the REIT.
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