Overseas Union Enterprise (OUE) mulls setting up a Reit
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A view of the Overseas Union Enterprise (OUE) logo on its office building in Singapore on Oct 23, 2012. Singapore property firm OUE is studying the possibility of setting up a real estate investment trust (Reit). -- FILE PHOTO: REUTERS
Singapore property firm Overseas Union Enterprise (OUE) is studying the possibility of setting up a real estate investment trust (Reit).
The company made this announcement in a filing to the Singapore Exchange earlier Thursday afternoon.
OUE added that it is in preliminary discussions with banks. The properties to be injected into the Reit, the timeline for the listing and the amounts to be raised have not been finalised yet.
Earlier Thursday morning, OUE had submitted a request for a trading halt on its shares at 9.30am.
