Saizen REIT: Insider moves and divestment of Aistage Ushita Minami.

Catching up on my reading:

1. 21 Feb: Somerset Holdings Limited (SHL) converted 206,800 warrants into new units. 601,600 units held after the change. Mr. Dennis Lam Siu Sun, a director of the REIT, is the beneficial holder of more than 20% of the issued share capital of SHL.

2. 25 Feb: Divestment of Aistage Ushita Minami for a cash consideration of JPY 270,000,000 (S$4.2 million). Location: Hiroshima.  Built in August 2006, comprises 32 residential units and 7 parking lots. Sale price is a premium of approximately 0.7% to valuation.