29 Apr 2022

Cuscaden Peak Pte. Ltd.’s proposed mandatory cash offer of all the issued and outstanding units in SPH REIT, the first mandatory offer following a scheme of arrangement for a listed REIT on the SGX-ST

Partners Sandy Foo and Favian Tan acted for Cuscaden Peak Pte. Ltd. ("Cuscaden") on the proposed mandatory cash offer of all the issued and outstanding units in SPH REIT ("Chain Offer"), marking the first mandatory offer following a scheme of arrangement for a listed REIT on the SGX-ST. This is pursuant to the privatisation scheme offer for SPH, being the first competing offer for a company listed on the SGX-ST by way of competing schemes of arrangement. Collectively, this transaction denotes a significant milestone in the Singapore public mergers and acquisitions space.