IMPORTANT NOTICES TO ALL QUALIFYING UNITHOLDERS
REVISED OFFER PRICE:
HK$5.30 in cash per Offer unit
The Revised Offer Price represents a premium of approximately 76.7% to the closing price of the Units on the Last Trading Day. Based on the average distributions of HK$0.24 paid by Spring REIT every year, it would take 9.5 years for the distributions to match the premium.
HOW TO ACCEPT THE OFFER
If you are a registered Unitholder, please return the duly completed and signed Form of Acceptance (accompanying this Offer Document) and the relevant documents to the Receiving Agent at Level 22, Hopewell Centre, 183 Queen’s Road East, Hong Kong.
If you hold the Offer Units through CCASS, please instruct your licensed securities dealer, institution or bank to authorize HKSCC Nominees Limited to accept the Offer on your behalf.
DEADLINE FOR ACCEPTANCE
The Offer will close for acceptances at 4:00 p.m. on Wednesday, 14 November 2018, unless otherwise revised or extended.
If you hold the Offer Units through CCASS, please provide your instruction to your licensed securities dealer, institution or bank before the deadline set by them.
Payments in cash will be made within 7 Business Days following the later of (i) the date on which the Offer becomes, or is declared, unconditional and (ii) the date of receipt of a complete and valid acceptance in respect of the Offer.
YOUR PROMPT ACTION IS CRITICAL
The Offer will lapse if, the resolutions approving the Huizhou Transaction are passed by the independent Unitholders at the EGM or valid acceptances from the Qualifying Unitholders in respect of less than 35.182% of the Units (i.e. 446,454,867 Offer Units) are received by the Closing Date, unless otherwise revised or extended.
If sufficient Unitholders accept the Offer and the Offer becomes unconditional as to acceptance, by a certain date as a result of which the Offeror can effect transfers of Units and become entitled to the voting rights in respect of over 50% of the Units by the record date for the extraordinary general meeting of Spring REIT on the Huizhou Transaction, the Offeror intends to waive the condition on the Huizhou Transaction and proceed with the Offer.
If the Offeror and its concert parties become entitled to voting rights in respect of over 50% of the issued Units before the record date for the Huizhou Transaction, the Offeror will vote down on the resolutions for approving the Huizhou Transaction at the EGM.
Please call the customer service hotline of the Receiving Agent, Tricor Investor Services Limited, at (852) 2980 1333 between 9:00 a.m. and 5:00 p.m. on Mondays to Fridays, excluding Hong Kong public holidays, if you have any enquiries concerning administrative matters, such as dates, documentation and procedures relating to the Offer. Only enquiries concerning administrative matters will be answered and no information or other advice relating to the Offer will be given.
The Response Document issued by Spring REIT includes the views of the board of directors and the independent board committee of the Manager on the Offer, and the letter of advice from the independent financial adviser appointed by the Manager in relation to the Offer. Unitholders are advised to read the Offer Document and the Response Document before taking any action in respect of the Offer.
DOCUMENTS ON DISPLAY
The following documents are available for inspection during the period from the date of despatch of the Offer Document until the end of the Offer Period:
The following documents are available for inspection during the period from the date of despatch of the Revised Offer Document until the end of the Offer Period:
- CLARIFICATION ANNOUNCEMENT VOLUNTARY CONDITIONAL CASH OFFER BY UBS AG HONG KONG BRANCH ON BEHALF OF RE STRATEGIC INVESTMENTS PTE. LTD. TO ACQUIRE ALL OF THE ISSUED UNITS OF SPRING REAL ESTATE INVESTMENT TRUST (OTHER THAN THOSE ALREADY OWNED OR AGREED TO BE ACQUIRED BY RE STRATEGIC INVESTMENTS PTE. LTD. AND PARTIES ACTING IN CONCERT WITH IT)
- REMINDER TO ALL QUALIFYING UNITHOLDERS VOLUNTARY CONDITIONAL CASH OFFER BY UBS AG HONG KONG BRANCH ON BEHALF OF RE STRATEGIC INVESTMENTS PTE. LTD. (INCORPORATED IN SINGAPORE WITH LIMITED LIABILITY) TO ACQUIRE ALL OF THE ISSUED UNITS OF SPRING REAL ESTATE INVESTMENT TRUST (OTHER THAN THOSE ALREADY OWNED OR AGREED TO BE ACQUIRED BY RE STRATEGIC INVESTMENTS PTE. LTD. AND PARTIES ACTING IN CONCERT WITH IT)
- REMINDER ON VOTING AT THE EGM IN RESPECT OF THE HUIZHOU TRANSACTION
- (1) CLARIFICATION ANNOUNCEMENT ON REMINDER TO UNITHOLDERS (2) REMINDER ON VOTING AT THE EGM IN RESPECT OF THE HUIZHOU TRANSACTION AND(3) REVISED REMINDER TO UNITHOLDERS
- OFFEROR’S RESPONSE TO THE RESPONSE DOCUMENT ISSUED BY SPRING REIT
- FURTHER RESPONSE OF THE OFFEROR TO THE RESPONSE DOCUMENT ISSUED BY SPRING REIT
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The directors of the RE Strategic Investments Pte. Ltd. and RES Investments GP jointly and severally accept full responsibility for the accuracy of the information contained in this website and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this website have been arrived at after due and careful consideration and there are no other facts not contained in this website, the omission of which would make any statement in this website misleading.
The information relating to the Spring REIT Group on this website has been extracted from or based on the published information of Spring REIT, including its annual report for the year ended 31 December 2017, its monthly return for the month ended 30 September 2018 and the Response Document. The only responsibility accepted by the directors of the Offeror and RES Investments GP in respect of such information is for the correctness and fairness of its reproduction or presentation.