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OUE redeems convertible preferred units for S$155.38 million
By Wendy Van Sickle
Columbus, Ohio, June 1 – OUE Commercial REIT Management Pte. Ltd. redeemed 155 million of the convertible perpetual preferred units of OUE Commercial Real Estate Investment Trust for S$155,382,191, according to an announcement.
A total of 220 million of the units remain outstanding.
The real estate developer is based in Singapore.
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