HK's Spring REIT hits all-time high on sweetened offer from PAG

Spring Real Estate Investment Trust

30/10/2018 02:17

** Units of Spring Real Estate Investment Trust  1426.HK 
(Spring REIT) jump 17 pct to an all-time high of HK$4.60, after
Hong Kong-based private equity group PAG sweetens its offer to
buy the investment trust 
    ** Spring REIT units are set for best day since Sept. 26
    ** PAG's unit, PAG Real Estate, has sweetened its takeover
bid to buy Spring REIT making a new offer of HK$5.30 for each
unit, up from an earlier HK$4.85  urn:newsml:reuters.com:*:nL3N1X9584
    ** PAG Real Estate says the offer is final and will not be
increased 
    ** As of the last close, the unit has risen 15.6 pct so far
this year
    ** The Hong Kong benchmark index  .HSI  falls 0.9 pct

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)