Market Chatter: RHB Advises Unitholders to Reject Suntec Cash Offer

MT Newswires

2024-12-09

RHB Bank has advised unitholders of Suntec Real Estate Investment Trust (SGX:T82U) to reject the mandatory conditional cash offer made by Gordon Tang and Celine Tang, the Singapore Business Times reported Friday.

The offer of SG$1.16 per unit in cash is a 44% discount on the company's net asset value per unit of SG$2.07, according to the report.

RHB expects further rate cuts in 2025 to benefit the company, the report said.

The research firm has maintained its 'buy' call on the company's shares, the report added.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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