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Elite UK REIT Issues 30 Million Consideration Units for UK Property Purchase

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Elite UK REIT (SGX:MXNU) issued around 30.1 million consideration units at 0.296 pounds apiece of Elite UK Commercial Fund III, as part payment for its acquisition of five government-leased properties across the UK.

Around 1.0 million units at 0.3112 pounds apiece were also issued to the manager as payment of the acquisition fee, according to a Tuesday filing with the Singapore Exchange.

Following the issuances, the UK commercial property trust has about 668.5 million units in issue.

The new units will be listed from Aug. 28.

What else is happening in Asia?

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Qantas Airways Unit to Operate Direct Route Between Melbourne, Sri Lanka

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ASX:QAN
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Shenzhen Longsys Electronics Passes Hong Kong Listing Hearing

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SHE:301308
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Hansen Technologies Partners with InvoiceCloud to Integrate Software Products with Digital Payments Platform

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ASX:HSN