Singapore's Aelios offers to buy rest of Suntec REIT shares at $2.5b valuation

Singapore's Aelios offers to buy rest of Suntec REIT shares at $2.5b valuation

FILE PHOTO-A man wearing a protective face mask walks past the Singapore Exchange (SGX) which stays open during "circuit breaker" measures to curb coronavirus COVID-19) in central business district area in Singapore, April 7, 2020. REUTERS/Edgar Su/File Photo

Singapore’s Aelios, owned by billionaire couple Gordon and Celine Tang, on Thursday launched a mandatory general offer to buy shares in Suntec Real Estate Investment Trust that valued the REIT at S$3.39 billion ($2.53 billion).

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