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Shengbao Industrial Trust: Mindarie Investment's acquisition of AI-REIT offer ends, holding 53.47% of shares
Rui Si Network News: On February 24, United Overseas Bank Limited announced on behalf of Mindarie Investment Pte. Ltd. that its mandatory unconditional cash offer for Alpha Integrated Real Estate Investment Trust (AI-REIT) officially closed at 5:30 PM (Singapore time) on February 24, 2026.
As of the end of the offer, Mindarie Investment and its concerted parties received valid acceptances for 137,215,125 units, representing approximately 12.2% of AI-REIT’s total issued units. Including the 41.27% stake held as of the announcement date, Mindarie Investment and its concerted parties now hold approximately 53.47% of AI-REIT units. Following this offer, Mindarie Investment has become the controlling shareholder of AI-REIT.