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Soilbuild Reit's sponsor signs term sheet for possible transaction of interests

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THE non-executive director of Soilbuild Business Space Reit's manager, Lim Chap Huat, has entered into a non-binding term sheet in relation to a possible transaction involving his interests, and those of his three sons Lim Han Feng, Lim Han Qin and Lim Han Ren in the real estate investment trust (Reit). Read more at The Business Times.

THE non-executive director of Soilbuild Business Space Reit's manager, Lim Chap Huat, has entered into a non-binding term sheet in relation to a possible transaction involving his interests, and those of his three sons Lim Han Feng, Lim Han Qin and Lim Han Ren in the real estate investment trust .

In a bourse filing on Friday, the Reit's manager said the signing of the term sheet may or may not lead to a transaction for the Reit's units.The Lims - who are sponsors of Soilbuild Reit - jointly hold a 29.3 per cent stake in the Reit as at Aug 31, according to ShareInvestor data. Mr Lim Chap Huat, who is also the chairman of Soilbuild Group Holdings holds a 9.2 per cent stake, while Mr Lim Han Ren and Soilbuild Group directors Mr Lim Han Feng and Mr Lim Han Qin each hold 6.7 per cent.

 

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