On 29th April 2022, SPH REIT announced that Cuscaden Peak Pte Ltd will make a Chain Offer of S$0.9372 per unit for all units of SPH REIT. What is a Chain Offer? The Chain Offer refers to a mandatory cash offer whereby Cuscaden Peak will pay unitholders of SPH REIT a minimum offer price for each unit. of the share. How was the Offer Price Determined? The minimum offer price for the Chain Offer is computed using the simple average of the daily volume-weighted average traded prices of the SPH REIT units from the latest 20 trading days prior to 29 October 2021. The minimum offer price is worked out to be S$0.964 per unit. However, Cuscaden Peak can exercise its rights to reduce the Minimum Chain Offer Price by the aggregate of the 1QFY2022 Distribution and the 2QFY2022 Distribution. After the adjustment,...