The reduction was mentioned on Dec 14, 2020, when executive chairman and co-founder of the REIT, Lim Chap Huat, had offered to take the REIT private at 55 cents in cash per unit.
See: Soilbuild REIT 4Q20 DPU up 29.1% to 1.194 cents on higher revenue and NPI and Soilbuild REIT executive chairman and co-founder offers 55 cents per unit to privatise REIT
As at 9.04am, units in Soilbuild REIT are trading 0.5 cent higher or 0.9% up at 53.5 cents.