Perennial China Retail Trust

Perennial China Retail Trust: Perennial Real Estate Holdings (PREHL) has made a $0.70 per unit offer for PCRT, to be satisfied by the issue of 0.52423 PREHL shares at $1.3353 each. The offer will become unconditional upon the offeror achieving more than 50% control. PCRT will be privatised and delisted if the offeror receives more than 90% control. First closing date of the offer is 8 Dec.