THE proposed merger of OUE Commercial Real Estate Investment Trust (C-Reit) and OUE Hospitality Trust (H-Trust), via a trust scheme of arrangement, was approved by holders of both trusts on Wednesday.

UNITHOLDERS of OUE Commercial Reit (C-Reit) on Wednesday approved the trust’s proposed merger with OUE Hospitality Trust (H-Trust), while stapled securityholders of H-Trust are set to vote on the deal later in the afternoon.

UNITHOLDERS of OUE Commercial Reit (C-Reit) and OUE Hospitality Trust (H-Trust) are set to vote on the two trusts’ proposed merger at their separate extraordinary general meetings (EGMs) on Wednesday.

SINGAPORE (Aug 7): The manager of OUE Commercial Real Estate Investment Trust (OUE C-REIT) has announced distribution per unit (DPU) of 1.68 cents for the 1H19 ended June, some 22.9% lower than DPU of 2.18 cents a year ago. The decline was due to an enlarged unit base, as a result of some 1.29 bill...

OUE Hospitality Trust's (OUE H-Trust) distribution per stapled security (DPS) fell 9.4 per cent to 1.06 Singapore cents for the second quarter ended June 30, weighed down by lower revenue as well as higher interest expense.

OUE Hospitality Trust's (OUE H-Trust) distribution per stapled security (DPS) fell 9.4 per cent year-on-year to 1.06 Singapore cents for the second quarter ended June 30, 2019. 

SINGAPORE (Aug 6): The manager of OUE Hospitality Trust (OUE HT) has declared a distribution per stapled security (DPSS) of 1.06 cents in 2Q19, a 9.4% drop from the 1.17 DPSS declared in 2Q18 the preceding year. OUE HT is a stapled group comprising OUE Hospitality REIT and OUE Hospitality Business ...

SINGAPORE (July 10): The Independent financial advisers (IFAs) of OUE Commercial REIT (OUE C-REIT) and OUE Hospitality Trust (OUE-HT) have advised the directors of both trusts to recommend unitholders vote in favour of the merger at the upcoming extraordinary general meeting (EGM). Under the propos...

THE independent financial advisers (IFAs) of OUE Commercial Reit (C-Reit) and OUE Hospitality Trust (H-Trust) have advised the directors of both trusts to recommend unitholders “vote in favour” of the merger at an upcoming extraordinary general meeting (EGM).

SINGAPORE (July 8): Frasers Property Limited is forming an integrated industrial and logistics platform by combining its industrial and logistics operations in Australia and Europe, and asset and property management of the group’s Singapore-listed Frasers Logistics & Industrial Trust (FLT). T...