APAC Realty changing hands again. The sale price is ~20% and 30% below last 12 months and last traded price. I reckon OPMI may not be so happy moving forward.
Morgan Stanley Private Equity to Partner with the Management and Become the Majority Shareholder of APAC Realty
NHPEA Ace Realty Company Limited (“Offeror”), a wholly-owned subsidiary of a private equity fund managed by Morgan Stanley Private Equity Asia (“MSPEA”), today announced that it has agreed to acquire 59.8% of the total outstanding shares of SGX-listed APAC Realty Limited (“APAC Realty”), a leading real estate services company in Asia, for a total consideration of approximately S$129.5 million
Details of the Offer include:
• The Offer Price is S$0.57 per share in cash1.
• The Offer is unconditional.
Sale of majority stake: https://links.sgx.com/FileOpen/Offeror%2...eID=713708
Mandatory GO: https://links.sgx.com/FileOpen/Offer%20A...eID=713707
Morgan Stanley Private Equity to Partner with the Management and Become the Majority Shareholder of APAC Realty
NHPEA Ace Realty Company Limited (“Offeror”), a wholly-owned subsidiary of a private equity fund managed by Morgan Stanley Private Equity Asia (“MSPEA”), today announced that it has agreed to acquire 59.8% of the total outstanding shares of SGX-listed APAC Realty Limited (“APAC Realty”), a leading real estate services company in Asia, for a total consideration of approximately S$129.5 million
Details of the Offer include:
• The Offer Price is S$0.57 per share in cash1.
• The Offer is unconditional.
Sale of majority stake: https://links.sgx.com/FileOpen/Offeror%2...eID=713708
Mandatory GO: https://links.sgx.com/FileOpen/Offer%20A...eID=713707