Whoops, it’s been more than two months since I’ve last blogged! I’ve been really busy at work, and July seems to be quite a relatively boring month for the market (relatively speaking), and hence there wasn’t anything that piqued my interest to comment about. However, today’s news on Saizen REIT was a shocker!
Now, for those who aren’t aware, Saizen REIT was one of my picks in early 2015, and somehow I “got lucky” and had my capital returned in about one year. After lingering on the SGX mainboard for about 3 months, there was a decision made by the management that, if they did not receive any credible and reasonable offer by the end of June, the cash trust will begin it’s delisting process. However, they subsequently announced that there was an offer to takeover the trust, and more time was needed to study the offer. The results of the offer ......