ARA-CWT Trust Management (Cache) Limited
|
|
- Pamela Johnston
- 5 years ago
- Views:
Transcription
1 ARA-CWT Trust Management (Cache) Limited Cache Logistics Trust Manager of PROPOSED ACQUISITION OF JINSHAN CHEMICAL WAREHOUSE 1. Introduction 1.1 The Acquisition The board of directors of ARA-CWT Trust Management (Cache) Limited, as manager of Cache Logistics Trust ( Cache, and as manager of Cache, the Manager ), wishes to announce that HSBC Institutional Trust Services (Singapore) Limited, in its capacity as trustee of Cache (the Trustee ), through Cache Singapore One Pte Ltd (a wholly-owned subsidiary of Cache), has entered into a share purchase agreement (the Share Purchase Agreement ) with CWT Cayman Holdings Limited (the Vendor ) and CWT International Private Limited (the Obligor ) in relation to the acquisition of the property known as Jinshan Chemical Warehouse located at No. 288 Gongchuang Road, Caojing Town, Jinshan District, Shanghai (the Property and the acquisition of the Property, the Acquisition ). 1.2 Disclosure Requirements under the Listing Manual and the Property Funds Appendix As at the date of this Announcement, CWT Limited ( CWT ) holds 40.0% of the Manager, and is therefore regarded as a controlling shareholder of the Manager under both the Listing Manual of Singapore Exchange Securities Trading Limited (the SGX-ST and the Listing Manual of the SGX-ST, the Listing Manual ) and the appendix for real estate investment trusts as found in Appendix 2 of the Code on Collective Investment Schemes (the Property Funds Appendix ). The Vendor is a wholly-owned subsidiary of CWT and thus is an associate of a controlling shareholder of the Manager for the purposes of Chapter 9 of the Listing Manual and the Property Funds Appendix. Likewise the Vendor is (for the purposes of the Listing Manual) an interested person and (for the purposes of the Property Funds Appendix) an interested party of Cache. The Manager is making this announcement as the Acquisition constitutes an interested person transaction under Chapter 9 of the Listing Manual as well as an interested party transaction under the Property Funds Appendix, when aggregated with all transactions entered into with the same interested person/party during the current financial year. Macquarie Capital Securities (Singapore) Pte. Limited, Standard Chartered Securities (Singapore) Pte. Limited and DBS Bank Ltd were the joint global coordinators, bookrunners and underwriters to the Offering (the Joint Global Coordinators, Bookrunners and Underwriters ). The issue managers for the Offering are Macquarie Capital (Singapore) Pte. Limited, Standard Chartered Securities (Singapore) Pte. Limited and DBS Bank Ltd (together with the Joint Global Coordinators, Bookrunners and Underwriters, the Joint Global Coordinators, Bookrunners and Underwriters and Issue Managers ).
2 1.3 Information on the Property The Property is located in the Caojing Town, Jinshan District, Shanghai. It is situated within the Shanghai Chemical Industry Park ( SCIP ). SCIP is the first industrial zone in Shanghai specialising in the development of petrochemical and fine chemical sectors. The Property was developed by CWT and completed in The premises comprises of four single-storey chemical warehouse buildings, ancillary office space, loading bays and carparking. The total gross floor area is approximately 13,547 square metres. 2. Nature of the Transaction Pursuant to the terms of the Share Purchase Agreement, the Purchaser will acquire of the entire share capital of CWT Cayman (Jinshan) Limited (which will be renamed as Cache Cayman One Holdings Limited), which holds CWT Jinshan (Hong Kong) Pte Ltd (which will be renamed as Cache Hong Kong One (Jinshan) Pte Ltd) (the HK SPV ), and which in turn holds CWT Warehousing Transportation (Shanghai) Development Co., Ltd. (which will be renamed as Cache Chemical Warehouse (Jinshan) One Co., Ltd.) (the WFOE ) (collectively, the Group Companies ) which holds the Property. In connection with the Acquisition, the following agreement will also be entered into: (i) (ii) (iii) a deed of tax covenant (the Deed of Tax Covenant ) between the Vendor, the Obligor (and together with the Vendor, the Covenantors ); a property management agreement (the Property Management Agreement ) between the Manager, the Trustee and Cache Property Management Pte. Ltd. in relation to the management of the Property; and a lease agreement (the Lease Agreement ) between WFOE (which directly holds the Property) and CWT Logistics (Shanghai) Co., Ltd, in respect of the Property. 3. Valuation Two independent property valuers, CB Richard Ellis Limited and Knight Frank Petty Limited, were appointed by the Manager and the Trustee respectively, to value the Property. As at 31 March 2011, CB Richard Ellis valued the Property at RMB 77.0 million. Knight Frank Petty valued the Property at RMB 76.3 million as at the same date. Both valuations were arrived at using direct capitalisation as well as discounted cash flow approaches. The basis of the valuation is the estimated amount for which the property should exchange on the date of valuation between a willing buyer and willing seller in an arm s length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently and without compulsion. 2
3 4. Estimated Acquisition Cost The current estimated total cost of the Acquisition is RMB 76.0 million ( Acquisition Cost ) which comprises: (i) the purchase consideration of approximately RMB 72.4 million (the Purchase Consideration ); (ii) (iii) the acquisition fee payable to the Manager in units in Cache ( Units ) pursuant to the trust deed dated 1 April 2010 constituting Cache (the Trust Deed ); and the professional and other fees and expenses in connection with the Acquisition, is estimated to be approximately RMB 3.6 million (the Acquisition Expenses ). The Purchase Consideration was negotiated on a willing-buyer and willing-seller basis, and is based on the valuation of the Property and estimated net asset adjustments. 5. Method of Financing and Aggregate Leverage The Manager intends to finance the Acquisition Cost through bank borrowings available by way of the existing revolving credit facility. Upon completion of the transaction, expected to be within June 2011, the Aggregate Leverage, as defined in the Property Funds Appendix, will rise from the present 27.9% as at the date of this announcement to 29.2%. 6. Certain Principal Terms of the Agreement The key principal terms of the Agreement are: (i) (ii) the Purchase Consideration, which is subject to adjustments based on the net assets of the Group Companies, includes the property consideration of RMB 71.0 million and is subject to audit upon completion; and the lease of the Property to CWT Logistics (Shanghai) Co, Ltd for a period of three years from completion of the transaction, with an option for a further three years thereafter, commencing at a starting triple-net rental of RMB 1.30 per square metres per day for the first year and increased by 2 per cent. per annum thereafter. Any extension of the lease will be on the same lease terms, save for rental and associated increase which will be at the fair market rate. 7. Rationale for the Acquisition The Manager believes that the Acquisition will bring the following benefits to Cache: 7.1 Opportunity to purchase attractive and high quality property The Acquisition represents an opportunity for Cache to acquire an attractive and high quality warehouse in a growing and resilient sector of the Chinese economy. The Property is of an excellent standard and caters to a variety of chemical warehousing classes. The Property offers end-users 10-metre floor-to-ceiling height, 10 dock-levellers and six 5-ton overhead cranes. 3
4 7.2 Geographical Diversification The Acquisition will enhance the geographic diversification of Cache s portfolio. This is in line with the Manager s investment strategy of investing in income-producing real estate used for logistics purposes in Asia-Pacific 1. The emerging and rapidly expanding China market has received significant levels of foreign direct investments, which are expected to result in growth in the logistics sector. The Property benefits from the location within the successful SCIP development which is one of four major industrial production bases in Shanghai. SCIP is also one of the largest and fully-integrated petrochemical bases in Asia. The Acquisition will enable Cache to capitalise on the economic growth in the region and in particular the resilient chemical and commodity logistics businesses. Concurrently, by diversifying into a different market, Cache is expected to benefit from risk diversification from the Property and the economic cycles where Cache s portfolio is located. 7.3 Income Diversification The acquisition is expected to benefit Unitholders by providing a secure cash flow and improving income diversification while reducing the reliance of Cache s income stream on any single country or property. 8. Audit Committee Statement Having considered the terms and conditions of the Share Purchase Agreement, the Deed of Tax Covenant, the Property Management Agreement and the Lease Agreement (the Transaction Documents ) as well as the rationale for the entry into the Transaction Documents, the audit committee of the Manager is of the view that the entry into the Transaction Documents are on normal commercial terms and would not be prejudicial to the interests of Cache and its minority Unitholders in respect of the interested party nature of the transaction. 9. Interested Person Transactions with CWT As at the date of this announcement, the value of all other interested person transactions between Cache and CWT and/or their subsidiaries and associates of CWT for the current financial year (including the Acquisition and the transactions contemplated in the Transaction Documents) is approximately S$27.6 million. As at the date of this announcement, other than as disclosed above, there are no other interested person transactions entered into for the current financial year. 1 For the purposes of the investment mandate of Cache, Asia-Pacific is defined as Singapore, Malaysia, Indonesia, Philippines, Thailand, Vietnam, China, India, Hong Kong, Macau, Taiwan, Japan, Korea, Australia and New Zealand. 4
5 10. Interests of Directors and Controlling Unitholders As at the date of this announcement, certain of the directors of the Manager collectively have an aggregate direct and indirect interest in approximately million Units and certain of the directors of the Manager collectively have an aggregate direct and indirect interest in approximately million shares in CWT. Mr Liao Chung Lik is non-executive director of the Manager and a non-executive director of CWT. Mr Jimmy Yim Wing Kuen is non-executive director of the Manager and the lead independent director of CWT. Save as disclosed above and based on the information available to the Manager as at the date of this announcement, none of the directors of the Manager or substantial Unitholders have an interest, direct or indirect, in the Acquisition and the Transaction Documents. 11. Documents for Inspection Copies of the Share Purchase Agreement and the valuation reports are available for inspection during normal business hours (prior appointment will be appreciated) at the registered office of the Manager at 6 Temasek Boulevard, #16-02 Suntec Tower Four, Singapore at for a period of three months commencing from the date of this Announcement. BY ORDER OF THE BOARD ARA-CWT TRUST MANAGEMENT (CACHE) LIMITED (AS MANAGER OF CACHE LOGISTICS TRUST) (Company registration no H) Daniel Cerf Chief Executive Officer 1 June 2011 Important Notice The value of the Units and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested. Investors have no right to request that the Manager redeem or purchase their Units while the Units are listed. It is intended that Unitholders may only deal in their Units through trading on the main board of Singapore Exchange Securities Trading Limited (the SGX-ST ). Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units. The past performance of Cache is not necessarily indicative of the future performance of Cache. 5
6 ABOUT CACHE Cache is a real estate investment trust ( REIT ) constituted on 11 February Cache was listed on the main board of SGX- ST and commenced operations on 12 April Cache principally invests in income-producing real estate used for logistics purposes in Asia-Pacific, as well as real estate-related assets. Cache presently holds a portfolio of high quality logistics warehouse properties strategically located in Singapore s established logistics clusters. Cache is managed by ARA-CWT Trust Management (Cache) Limited. For more details, please visit ABOUT ARA-CWT TRUST MANAGEMENT (CACHE) LIMITED ARA-CWT Trust Management (Cache) Limited, is a joint-venture REIT management company between ARA Asset Management Limited ( ARA ) and CWT Limited ( CWT ). ARA, an affiliate of the Cheung Kong group, is a real estate fund management company listed on the main board of the Singapore Exchange. ARA currently manages REITs listed in Singapore, Hong Kong and Malaysia with a diversified portfolio spanning the office, retail, industrial/office and logistics sectors; private funds investing in real estate and real estate-related securities in Asia; and provides real estate management services, including property management services and convention & exhibition services; and corporate finance advisory services. For more details, please visit CWT Limited was set up in 1970 and listed on the Singapore Exchange in CWT has since grown and the principal businesses of CWT currently comprise integrated logistics solutions and engineering maintenance and facilities management services. Being the largest listed logistics company in Southeast Asia, CWT offers integrated logistics solutions to some of the world s leading brands in the chemical, commodities, automotive, marine, oil & gas, defence and industrial sectors. Through its global network, the CWT Group is able to connect customers to 120 ports and 1,200 destinations seamlessly around the world. For more information please visit 6
Trust Management (Suntec) Limited ACQUISITION OF AN INTEREST IN SOUTHGATE COMPLEX, MELBOURNE
Trust Management (Suntec) Limited Suntec Real Estate Investment Trust ( Suntec REIT ) Manager of ACQUISITION OF AN INTEREST IN SOUTHGATE COMPLEX, MELBOURNE 1. INTRODUCTION ARA Trust Management (Suntec)
More informationMapletree Industrial Trust to Grow Hi-Tech Buildings Segment with Acquisition and Upgrading of 7 Tai Seng Drive
(Constituted in the Republic of Singapore pursuant to a Trust Deed dated 29 January 2008 (as amended)) PRESS RELEASE Mapletree Industrial Trust to Grow Hi-Tech Buildings Segment with Acquisition and Upgrading
More informationENTRY INTO LIMITED LIABILITY PARTNERSHIP TO ACQUIRE 3 TUAS SOUTH AVE 4
(Constituted in the Republic of Singapore pursuant to a trust deed dated 31 March 2008 (as amended)) ENTRY INTO LIMITED LIABILITY PARTNERSHIP TO ACQUIRE 3 TUAS SOUTH AVE 4 1. INTRODUCTION Further to the
More informationPROPOSED ACQUISITION OF 107 EUNOS AVENUE 3, SINGAPORE
SABANA SHARI AH COMPLIANT INDUSTRIAL REAL ESTATE INVESTMENT TRUST (a real estate investment trust constituted on 29 October 2010 under the laws of the Republic of Singapore) 1. INTRODUCTION PROPOSED ACQUISITION
More informationA-REIT ACQUIRES ASCENDAS Z-LINK FOR ATTRIBUTED VALUE OF RMB300 MILLION
(Constituted in the Republic of Singapore pursuant to trust deed dated 9 October 2002 (as amended)) A-REIT ACQUIRES ASCENDAS Z-LINK FOR ATTRIBUTED VALUE OF RMB300 MILLION 1. INTRODUCTION 1.1 The Acquisition
More informationPROPOSED DIVESTMENT OF 200 PANDAN LOOP, PANTECH 21, SINGAPORE
SABANA SHARI AH COMPLIANT INDUSTRIAL REAL ESTATE INVESTMENT TRUST (a real estate investment trust constituted on 29 October 2010 under the laws of the Republic of Singapore) PROPOSED DIVESTMENT OF 200
More informationNon-Deal Roadshow Presentation June 2012 ARA-CWT Trust Management (Cache) Limited KNOWING. BELIEVING. DELIVERING
Non-Deal Roadshow Presentation June 2012 ARA-CWT Trust Management (Cache) Limited Important Notice This presentation does not constitute an offer, invitation or solicitation of securities in Singapore
More informationPROPOSED DIVESTMENT OF 9 TAI SENG DRIVE, GEO TELE CENTRE, SINGAPORE
SABANA SHARI AH COMPLIANT INDUSTRIAL REAL ESTATE INVESTMENT TRUST (a real estate investment trust constituted on 29 October 2010 under the laws of the Republic of Singapore) PROPOSED DIVESTMENT OF 9 TAI
More informationPROPOSED ACQUISITIONS OF TWO PROPERTIES TOTALLING S$56.3 MILLION
(Constituted in the Republic of Singapore pursuant to a trust deed dated 31 March 2006 (as amended)) PROPOSED ACQUISITIONS OF TWO PROPERTIES TOTALLING S$56.3 MILLION 1. INTRODUCTION 1.1 Cambridge Industrial
More informationExtraordinary General Meeting 19 June 2012 ARA-CWT Trust Management (Cache) Limited KNOWING. BELIEVING. DELIVERING
Extraordinary General Meeting 19 June 2012 ARA-CWT Trust Management (Cache) Limited Important Notice This presentation does not constitute an offer, invitation or solicitation of securities in Singapore
More informationAIMS AMP CAPITAL INDUSTRIAL REIT MANAGEMENT LIMITED
AIMS AMP CAPITAL INDUSTRIAL REIT MANAGEMENT LIMITED As Manager of AIMS AMP Capital Industrial REIT One George Street, #23-03 Singapore 049145 (Constituted in the Republic of Singapore pursuant to a Trust
More informationProposed Acquisition of a One third Interest in Marina Bay Financial Centre Towers 1 and 2, and the Marina Bay Link Mall
Proposed Acquisition of a One third Interest in Marina Bay Financial Centre Towers 1 and 2, and the Marina Bay Link Mall MBFC Tower 1 MBFC Tower 2 Marina Bay Link Mall Singapore s Newest Iconic Development
More informationASCOTT RESIDENCE TRUST (Constituted in the Republic of Singapore pursuant to a trust deed dated 19 January 2006 (as amended))
ASCOTT RESIDENCE TRUST (Constituted in the Republic of Singapore pursuant to a trust deed dated 19 January 2006 (as amended)) 1. INTRODUCTION PROPOSED ACQUISITION OF THE ENTIRE ISSUED SHARE CAPITAL OF
More informationSALE OF ROBINSON POINT
(Constituted in the Republic of Singapore pursuant to a Trust Deed dated 6 February 2004 (as amended)) SALE OF ROBINSON POINT 1. INTRODUCTION CapitaCommercial Trust Management Limited, the Manager wishes
More informationAPAC REALTY, OPERATOR OF MARKET-LEADING REAL ESTATE BROKERAGE IN SINGAPORE UNDER THE ERA BRAND, LAUNCHES $58.2 MILLION IPO
APAC REALTY, OPERATOR OF MARKET-LEADING REAL ESTATE BROKERAGE IN SINGAPORE UNDER THE ERA BRAND, LAUNCHES $58.2 MILLION IPO APAC Realty, through its wholly-owned subsidiary ERA Realty, is the operator of
More informationCAPITALAND COMMERCIAL TRUST ANNOUNCEMENT DIVESTMENT OF WILKIE EDGE
CAPITALAND COMMERCIAL TRUST (Constituted in the Republic of Singapore pursuant to a trust deed dated 6 February 2004 (as amended)) ANNOUNCEMENT DIVESTMENT OF WILKIE EDGE 1. INTRODUCTION 1.1 Divestment
More informationASCOTT RESIDENCE TRUST ANNOUNCEMENT RENEWED MASTER LEASE AGREEMENTS FOR SERVICED RESIDENCE PROPERTIES IN FRANCE
ASCOTT RESIDENCE TRUST (Constituted in the Republic of Singapore pursuant to a trust deed dated 19 January 2006 (as amended)) ANNOUNCEMENT RENEWED MASTER LEASE AGREEMENTS FOR SERVICED RESIDENCE PROPERTIES
More informationVIBRANT GROUP LIMITED Company Registration Number: G THE PROPOSED SALE AND LEASEBACK OF 47 CHANGI SOUTH AVENUE 2, SINGAPORE
VIBRANT GROUP LIMITED Company Registration Number: 198600061G THE PROPOSED SALE AND LEASEBACK OF 47 CHANGI SOUTH AVENUE 2, SINGAPORE 486148 1. INTRODUCTION The Board of Directors of Vibrant Group Limited
More informationCache Logistics Trust Extraordinary General Meeting Presentation
Cache Logistics Trust Extraordinary General Meeting Presentation 19 December 2014 Enduring. Evolving. Growing. ARA-CWT Trust Management (Cache) Limited Important Notice This presentation does not constitute
More informationCAPITALAND COMMERCIAL TRUST ANNOUNCEMENT PROPOSED ACQUISITION OF ASIA SQUARE TOWER 2
CAPITALAND COMMERCIAL TRUST (Constituted in the Republic of Singapore pursuant to a trust deed dated 6 February 2004 (as amended)) ANNOUNCEMENT PROPOSED ACQUISITION OF ASIA SQUARE TOWER 2 1. INTRODUCTION
More informationVIVA INDUSTRIAL TRUST
Comprising: VIVA INDUSTRIAL REAL ESTATE INVESTMENT TRUST (a real estate investment trust constituted on 23 August 2013 under the laws of the Republic of Singapore) managed by Viva Industrial Trust Management
More information(Constituted in the Republic of Singapore pursuant to a Trust Deed dated 5 July 2004 (as amended))
(Constituted in the Republic of Singapore pursuant to a Trust Deed dated 5 July 2004 (as amended)) ANNOUNCEMENT PROPOSED ACQUISITION OF PROPERTIES IN AUSTRALIA 1.0 INTRODUCTION Mapletree Logistics Trust
More informationFRENCKEN GROUP LIMITED (Company Registration No D)
FRENCKEN GROUP LIMITED (Company Registration No. 199905084D) Announcement Proposed Sale And Leaseback of Properties in Penang, Malaysia 1. INTRODUCTION The Board of Directors (the "Board") of Frencken
More informationPROPOSED ACQUISITION OF PORTFOLIO OF FIVE LOGISTICS PROPERTIES IN SINGAPORE
(Constituted in the Republic of Singapore pursuant to a Trust Deed dated 5 July 2004 (as amended)) ANNOUNCEMENT PROPOSED ACQUISITION OF PORTFOLIO OF FIVE LOGISTICS PROPERTIES IN SINGAPORE 1.0 INTRODUCTION
More informationASL MARINE HOLDINGS LTD. (CO. REG. NO N)
ASL MARINE HOLDINGS LTD. (CO. REG. NO. 200008542N) PROPOSED ACQUISITION OF SHIPYARD IN BATAM 1. INTRODUCTION The Board of Directors (the Board ) of ASL Marine Holdings Ltd. (the Company ) wishes to announce
More informationVIVA INDUSTRIAL TRUST
VIVA INDUSTRIAL TRUST Comprising: VIVA INDUSTRIAL REAL ESTATE INVESTMENT TRUST (a real estate investment trust constituted on 23 August 2013 under the laws of the Republic of Singapore) managed by Viva
More informationACQUISITION OF THREE PROPERTIES LOCATED IN JAPAN
(Constituted in the Republic of Singapore pursuant to a trust deed dated 12 July 2007 (as amended)) ACQUISITION OF THREE PROPERTIES LOCATED IN JAPAN 1. INTRODUCTION 1.1 Agreement to Purchase Three Properties
More informationFRASERS LOGISTICS & INDUSTRIAL TRUST PROPOSED DIVESTMENT OF 80 HARTLEY STREET IN THE STATE OF NEW SOUTH WALES, AUSTRALIA
SGX-ST ANNOUNCEMENT For immediate release FRASERS LOGISTICS & INDUSTRIAL TRUST (a real estate investment trust constituted on 30 November 2015 under the laws of the Republic of Singapore) PROPOSED DIVESTMENT
More informationFREIGHT LINKS EXPRESS HOLDINGS LIMITED (Company Registration No: G) THE PROPOSED SALE AND LEASEBACK OF THE FOLLOWING PROPERTIES:
FREIGHT LINKS EXPRESS HOLDINGS LIMITED (Company Registration No: 198600061G) THE PROPOSED SALE AND LEASEBACK OF THE FOLLOWING PROPERTIES: (1) 30 & 32 TUAS AVENUE 8 SINGAPORE 639246/639247; (2) 218 PANDAN
More informationOUE Commercial REIT s Portfolio To Exceed S$3.0 Billion With Proposed Acquisition Of Indirect Interest In One Raffles Place
PRESS RELEASE For Immediate Release OUE Commercial REIT s Portfolio To Exceed S$3.0 Billion With Proposed Acquisition Of Indirect Interest In One Raffles Place 10 June 2015 OUE Commercial REIT Management
More informationOPTION TO PURCHASE THE PROPERTY AT 16 SUNGEI KADUT WAY SINGAPORE
Company Registration Number: 201223004Z 49 Sungei Kadut Loop Singapore 729492 OPTION TO PURCHASE THE PROPERTY AT 16 SUNGEI KADUT WAY SINGAPORE 728793 1. INTRODUCTION The Board of Directors (the Board or
More informationPROPOSED DIVESTMENT OF KTL OFFSHORE
(a real estate investment trust constituted on 13 December 2012 under the laws of the Republic of Singapore) PROPOSED DIVESTMENT OF KTL OFFSHORE 1. INTRODUCTION 1.1 Proposed Divestment of KTL Offshore
More informationFIRST SPONSOR GROUP LIMITED (Incorporated in the Cayman Islands) (Company Registration No. : AT )
FIRST SPONSOR GROUP LIMITED (Incorporated in the Cayman Islands) (Company Registration No. : AT-195714) DISPOSAL OF PROPERTY 1. INTRODUCTION The board of directors ( Board ) of First Sponsor Group Limited
More informationAcquisition of Wilkie Edge. Extraordinary General Meeting 23 November 2007
Acquisition of Wilkie Edge Extraordinary General Meeting 23 November 2007 Important Notice THIS PRESENTATION IS AVAILABLE ONLY TO PERSONS WHO ARE NON-U.S. PERSONS, PERSONS WITH ADDRESSES OUTSIDE THE U.S.
More informationCENTURION CORPORATION LIMITED (Incorporated in the Republic of Singapore) (Co. Reg. No W) ANNOUNCEMENT RELATING TO:
CENTURION CORPORATION LIMITED (Incorporated in the Republic of Singapore) (Co. Reg. No. 9840088W) ANNOUNCEMENT RELATING TO: (I) ESTABLISHMENT OF INDIRECT WHOLLY-OWNED SUBSIDIARIES AND TRUST; AND (II) PROPOSED
More informationthe property situated at 51 Shipyard Crescent Singapore (the Property ); and
PROPOSED ACQUISITION OF ASSETS 1. INTRODUCTION 1.1 The board of directors (the Board ) of T T J Holdings Limited (the Company, and together with its subsidiaries, the Group ) wishes to announce that T
More informationVIVA INDUSTRIAL TRUST
VIVA INDUSTRIAL TRUST Comprising: VIVA INDUSTRIAL REAL ESTATE INVESTMENT TRUST (a real estate investment trust constituted on 23 August 2013 under the laws of the Republic of Singapore) managed by Viva
More informationProposed acquisitions of CGGVeritas Hub and Rutherford & Science Hub
Proposed acquisitions of CGGVeritas Hub and Rutherford & Science Hub 24 January 2008 Content The Properties Rutherford & Science Hub CGGVeritas Hub Impact on A-REIT Pro forma Financial Effect Portfolio
More informationASCENDAS HOSPITALITY TRUST
ASCENDAS HOSPITALITY TRUST A stapled group comprising: Ascendas Hospitality Real Estate Investment Trust (a real estate investment trust constituted on 13 March 2012 under the laws of the Republic of Singapore)
More informationCHUAN HUP HOLDINGS LIMITED (Company Registration No R) (Incorporated in the Republic of Singapore) ACQUISITION OF OFFICE UNITS AT THE CENTRAL
CHUAN HUP HOLDINGS LIMITED (Company Registration No.197000572R) (Incorporated in the Republic of Singapore) ACQUISITION OF OFFICE UNITS AT THE CENTRAL 1. OPTION TO PURCHASE OFFICE UNITS AT THE CENTRAL
More informationCENTURION CORPORATION LIMITED *
The Singapore Exchange Securities Trading Limited, Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make
More informationFRENCKEN GROUP LIMITED (Company Registration No: D) PROPOSED SALE AND LEASEBACK OF 1 & 2 CHANGI NORTH STREET 2 SINGAPORE
FRENCKEN GROUP LIMITED (Company Registration No: 199905084D) PROPOSED SALE AND LEASEBACK OF 1 & 2 CHANGI NORTH STREET 2 SINGAPORE 1. INTRODUCTION The Board of Directors (the "Board") of Frencken Group
More informationAEI CORPORATION LTD. (Company Registration No.: G) (Incorporated in the Republic of Singapore) PROPOSED DISPOSAL OF INDIRECT SUBSIDIARY
AEI CORPORATION LTD. (Company Registration No.: 198300506G) (Incorporated in the Republic of Singapore) PROPOSED DISPOSAL OF INDIRECT SUBSIDIARY 1. INTRODUCTION The board of directors ("Board" or "Directors")
More informationIMPERIUM CROWN LIMITED (Company Registration No.: Z) (Incorporated in Singapore)
IMPERIUM CROWN LIMITED (Company Registration No.: 199505053Z) (Incorporated in Singapore) UPDATE ON THE DISPOSAL OF THE COMPANY S JAPANESE HALEKULANI PROPERTIES - ENTRY INTO A SALE AND PURCHASE AGREEMENT
More informationPRESS RELEASE CIT TO ACQUIRE 21B SENOKO LOOP FOR S$14.7 MILLION
(A unit trust constituted on 31 March 2006 under the laws of the Republic of Singapore) PRESS RELEASE CIT TO ACQUIRE 21B SENOKO LOOP FOR S$14.7 MILLION 1. Cambridge Industrial Trust Management Limited
More informationOCEAN SKY INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) (Company registration no.: E)
OCEAN SKY INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) (Company registration no.: 198803225E) PROPOSED DISPOSAL OF INVESTMENT PROPERTY IN CAMBODIA 1. INTRODUCTION The board of directors
More informationSUNTEC REIT FINANCIAL RESULTS. For the 2 nd Quarter and Half Year ended 30 June 2017
SUNTEC REIT FINANCIAL RESULTS For the 2 nd Quarter and Half Year ended 30 June 2017 26 July 2017 Agenda 03 2Q 17 Highlights 05 Financial Highlights 18 Office Portfolio Performance 25 Retail Portfolio Performance
More informationAPAC Realty Limited (Company Registration No C) (Incorporated in Singapore on 15 July 2013) Proposed Acquisition of HC Home Pte. Ltd.
APAC Realty Limited (Company Registration No. 201319080C) (Incorporated in Singapore on 15 July 2013) Proposed Acquisition of HC Home Pte. Ltd. 1. INTRODUCTION 1.1 Proposed. The Board of Directors (the
More informationFOR IMMEDIATE RELEASE 2 MARCH 2011 CDL HOSPITALITY TRUSTS PROPOSES TO ACQUIRE STUDIO M HOTEL SINGAPORE
FOR IMMEDIATE RELEASE 2 MARCH 2011 CDL HOSPITALITY TRUSTS PROPOSES TO ACQUIRE STUDIO M HOTEL SINGAPORE Purchase Consideration values Studio M Hotel at S$154.0 million or approximately S$428,000 per key
More informationFrasers Centrepoint Limited and Frasers Commercial Trust to jointly acquire Farnborough Business Park
Frasers Centrepoint Limited and Frasers Commercial Trust to jointly acquire Farnborough Business Park 50:50 joint venture between Frasers Centrepoint Limited and Frasers Commercial Trust to acquire Farnborough
More informationFRASERS CENTREPOINT LIMITED (Incorporated in the Republic of Singapore) (Company Registration No G)
FRASERS CENTREPOINT LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. 196300440G) PROPOSED JOINT ACQUISITION OF HEREF FARNBOROUGH LIMITED WHICH HOLDS FARNBOROUGH BUSINESS PARK
More informationPROPOSED ACQUISITION AND PARTIAL LEASEBACK OF 51 UBI AVENUE 3, SINGAPORE SALE AND PURCHASE AGREEMENT
Far East Group Limited (Company Registration No.:196400096C) (Incorporated in the Republic of Singapore on 18 March 1964) PROPOSED ACQUISITION AND PARTIAL LEASEBACK OF 51 UBI AVENUE 3, SINGAPORE 408858
More informationPresentation for REITs Symposium 2016
Presentation for REITs Symposium 2016 4 June 2016 Important Notice This presentation shall be read in conjunction with OUE Commercial REIT s Financial Results announcement for 1Q 2016 dated 10 May 2016.
More informationManaged by. ARA Asset Management (Fortune) Limited DISCLOSEABLE TRANSACTION RELATING TO THE PROPOSED ACQUISITION OF THE PROPERTY
This announcement is issued in connection with the transaction relating to the acquisition of the Property in Hong Kong and related matters, in compliance with the REIT Code, the Singapore Listing Manual
More informationFirst REIT expands into healthcare logistics and distribution centre at Tuas Biomedical Park. 8 September 2008
First REIT expands into healthcare logistics and distribution centre at Tuas Biomedical Park 8 September 2008 Agenda Description of Location & Property Impact on First REIT Financial Impact Portfolio Diversification
More informationNOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, EU MEMBER STATES, CANADA OR JAPAN PROPOSED ACQUISITION OF CITY
NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, EU MEMBER STATES, CANADA OR JAPAN (Constituted in the Republic of Singapore pursuant to a trust deed dated 9 October 2002 (as amended)) PROPOSED ACQUISITION
More informationPRESS RELEASE CIT TO ACQUIRE NATURAL COOL LIFESTYLE HUB AT 29 TAI SENG AVENUE FOR S$55.2 MILLION
(A unit trust constituted on 31 March 2006 under the laws of the Republic of Singapore) PRESS RELEASE CIT TO ACQUIRE NATURAL COOL LIFESTYLE HUB AT 29 TAI SENG AVENUE FOR S$55.2 MILLION 1. Cambridge Industrial
More informationCOGENT HOLDINGS LIMITED (Co. Reg. No D) (Incorporated in Singapore)
1. INTRODUCTION The Board of Directors of Cogent Holdings Limited (the Company and together with its subsidiaries, the Group ) wishes to announce that SH Cogent Logistics Pte Ltd (the Vendor ), a wholly-owned
More informationFULL APEX (HOLDINGS) LIMITED (Incorporated in Bermuda) (Company Registration No.: 31906)
FULL APEX (HOLDINGS) LIMITED (Incorporated in Bermuda) (Company Registration No.: 31906) PROPOSED DISPOSAL OF QINGDAO FULL APEX PACKING VESSEL CO., LTD. ( QINGDAO FULL APEX ) 1. INTRODUCTION 1.1 The Board
More informationIMPERIUM CROWN LIMITED (Company Registration No.: Z) (Incorporated in Singapore)
IMPERIUM CROWN LIMITED (Company Registration No.: 199505053Z) (Incorporated in Singapore) UPDATE ON THE DISPOSAL OF THE COMPANY'S JAPANESE NEW CITY PROPERTIES ENTRY INTO A SALE AND PURCHASE AGREEMENT FOR
More informationANNOUNCEMENT 1. INTRODUCTION
ANNOUNCEMENT PROPOSED DISPOSAL OF RENDEZVOUS GRAND HOTEL SINGAPORE AND RENDEZVOUS GALLERY AND PROPOSED ACQUISITION OF STAPLED SECURITIES IN FAR EAST HOSPITALITY TRUST 1. INTRODUCTION 1.1 Proposed Disposal.
More informationMapletree Industrial Trust Secures Largest Build-to-Suit Project at S$250 million
(Constituted in Republic of Singapore pursuant to a Trust Deed dated 29 January 2008 (as amended)) PRESS RELEASE Mapletree Industrial Trust Secures Largest Build-to-Suit Project at S$250 million 21 March
More informationJINGRUI HOLDINGS LIMITED *
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationSALE AND PARTIAL LEASEBACK OF PROPERTY AND EQUIPMENT LOCATED AT 8 TUAS SOUTH LANE SALE AND PARTIAL LEASEBACK OF PROPERTY AND EQUIPMENT
SALE AND PARTIAL LEASEBACK OF PROPERTY AND EQUIPMENT LOCATED AT 8 TUAS SOUTH LANE SALE AND PARTIAL LEASEBACK OF PROPERTY AND EQUIPMENT Hyflux Ltd (the Company and together with its subsidiaries, the Group
More informationDATAPULSE TECHNOLOGY LIMITED
DATAPULSE TECHNOLOGY LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. 198002677D) THE PROPOSED DISPOSAL OF THE PROPERTY AT 15A TAI SENG DRIVE SINGAPORE 535225 GRANT OF OPTION
More informationFAR EAST H-TRUST PROPOSES TO ACQUIRE OASIA HOTEL DOWNTOWN FOR S$210.0 MILLION
FAR EAST H-TRUST PROPOSES TO ACQUIRE OASIA HOTEL DOWNTOWN FOR S$210.0 MILLION Highlights: 314-room upscale hotel in the Tanjong Pagar area to be acquired pursuant to the right of first refusal from the
More informationAscott Residence Trust A Leading Global Serviced Residence REIT
Ascott Residence Trust A Leading Global Serviced Residence REIT Acquisition of a Second Property in New York, United States of America 1 14 March 2016 Disclaimer IMPORTANT NOTICE The value of units in
More informationFIRST SPONSOR GROUP LIMITED (Incorporated in the Cayman Islands) (Company Registration No.: AT )
FIRST SPONSOR GROUP LIMITED (Incorporated in the Cayman Islands) (Company Registration No.: AT-195714) ANNOUNCEMENT OF ACQUISITION 1. INTRODUCTION 1.1 The Board of Directors (the "Board") of First Sponsor
More information(Incorporated in the Republic of Singapore) (Company Registration No M) ANNOUNCEMENT
(Incorporated in the Republic of Singapore) (Company Registration No. 198600740M) ANNOUNCEMENT PROPOSED DISPOSAL OF PROPERTY BY 90%-OWNED SUBSIDIARY, ASA MULTIPLATE (M) SDN BHD, AS A DISCLOSEABLE TRANSACTION
More informationDISPOSAL OF 30% INTEREST IN THE PROPERTIES KNOWN AS 7 & 11 BASSEIN ROAD, SINGAPORE BY OPH MARYMOUNT LIMITED TO TRANSURBAN PROPERTIES PTE LTD
(Incorporated in the Republic of Singapore) Company Registration No. 196700511H DISPOSAL OF 30% INTEREST IN THE PROPERTIES KNOWN AS 7 & 11 BASSEIN ROAD, SINGAPORE BY OPH MARYMOUNT LIMITED TO TRANSURBAN
More informationFar East Group Limited (Company Registration No.: C) (Incorporated in the Republic of Singapore on 18 March 1964)
Far East Group Limited (Company Registration No.:196400096C) (Incorporated in the Republic of Singapore on 18 March 1964) PROPOSED DISPOSAL OF LAND AND FACTORY BUILDING AT LOT NO. 42182, GM 5748, LOCALITY
More informationKEPPEL LAND LIMITED (Co. Reg. No ) (Incorporated in Singapore)
KEPPEL LAND LIMITED (Co. Reg. No. 189000001) (Incorporated in Singapore) PROPOSED DIVESTMENT OF ONE-THIRD INTEREST IN MARINA BAY FINANCIAL CENTRE TOWER 3 1. INTRODUCTION Keppel Land Limited ( KLL or the
More informationVIT COMPLETES S$87.3 MILLION ACQUISITION OF HIGH SPECIFICATIONS LOGISTICS PROPERTY AT 6 CHIN BEE AVENUE
Viva Industrial Trust Management Pte. Ltd. Viva Asset Management Pte. Ltd. 750 Chai Chee Road #04-03 Viva Business Park Singapore 469000 NEWS RELEASE VIT COMPLETES S$87.3 MILLION ACQUISITION OF HIGH SPECIFICATIONS
More informationANNOUNCEMENT LEASE IN RELATION TO GRAND MILLENNIUM AUCKLAND (FORMERLY RENDEZVOUS HOTEL AUCKLAND)
General Announcement::Announcement by CDL Hospitality Trusts, an associate of Millennium & Co... http://infopub.sgx.com/apps?a=cow_corpannouncement_content&b=announcementtoday&f=rp... Page 1 of 1 17/6/2016
More informationAcquisition of The Kendall Purchase consideration of S$112.0 million 30 March 2015
Acquisition of The Kendall Purchase consideration of S$112.0 million 30 March 2015 Content The Acquisition The Kendall Impact on A-REIT Pro forma Financial Impact Weighted Average Lease Expiry Profile
More informationSUNTEC REIT FINANCIAL RESULTS. For the 1 st Quarter ended 31 March 2017
SUNTEC REIT FINANCIAL RESULTS For the 1 st Quarter ended 31 March 2017 26 April 2017 Agenda 03 Q1 17 Highlights 05 Financial Highlights 15 Office Portfolio Performance 22 Retail Portfolio Performance 29
More informationMETROPOLIS CAPITAL HOLDINGS LIMITED
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationThe Link Real Estate Investment Trust
The Securities and Futures Commission of Hong Kong, Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make
More informationCONNECTED TRANSACTION PURCHASE OF SHARES OF LEVEL UP
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationUMS HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: R)
UMS HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: 200100340R) PROPOSED SALE OF THE PROPERTY LOCATED AT 27 CHANGI NORTH CRESCENT SINGAPORE 499618 1. Introduction
More informationCAPITALAND RETAIL CHINA TRUST. (Constituted in the Republic of Singapore pursuant to a trust deed dated 23 October 2006 (as amended)) ANNOUNCEMENT
CAPITALAND RETAIL CHINA TRUST (Constituted in the Republic of Singapore pursuant to a trust deed dated 23 October 2006 (as amended)) ANNOUNCEMENT ACQUISITION OF PROPERTY IN HOHHOT AND DIVESTMENT OF CAPITAMALL
More informationANNOUNCEMENT PROPOSED DISPOSAL OF PROPERTY BY 90%-OWNED SUBSIDIARY, ASA MULTIPLATE (M) SDN BHD, AS A DISCLOSEABLE TRANSACTION
(Incorporated in the Republic of Singapore) (Company Registration No. 198600740M) ANNOUNCEMENT PROPOSED DISPOSAL OF PROPERTY BY 90%-OWNED SUBSIDIARY, ASA MULTIPLATE (M) SDN BHD, AS A DISCLOSEABLE TRANSACTION
More informationFirst REIT strengthens growth with acquisition in Kupang, East Nusa Tenggara, Indonesia
FOR IMMEDIATE RELEASE First REIT strengthens growth with acquisition in Kupang, East Nusa Tenggara, Indonesia To acquire Siloam Hospitals Kupang and Lippo Plaza Kupang for S$70.00 million, at a 7.19% discount
More informationCosmo Lady (China) Holdings Company Limited
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationANNOUNCEMENT ACQUISITION OF WUHAN MEILUOTE
EC World Real Estate Investment Trust (a real estate investment trust constituted on 5 August 2015 under the laws of the Republic of Singapore) ANNOUNCEMENT ACQUISITION OF WUHAN MEILUOTE 1. INTRODUCTION
More informationProposed development of two warehouse retail facilities at Tampines Avenue 10 For Cold Storage and Courts
Proposed development of two warehouse retail facilities at Tampines Avenue 10 For Cold Storage and Courts 24 January 2006 Content New initiative Code of Collective Schemes Property Funds Guidelines on
More informationGSH CORPORATION LIMITED INCORPORATION OF PLAZA VENTURES PTE LTD AND PROPOSED ACQUISITION OF EQUITY PLAZA BY PLAZA VENTURES PTE LTD
INCORPORATION OF PLAZA VENTURES PTE LTD AND PROPOSED ACQUISITION OF EQUITY PLAZA BY PLAZA VENTURES PTE LTD 1. INTRODUCTION The Board of Directors (the Board ) of GSH Corporation Limited (the Company, and
More informationSEE HUP SENG LIMITED (Incorporated in the Republic of Singapore) (Company Registration No Z)
SEE HUP SENG LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. 197502208Z) PROPOSED ACQUISITION OF HETAT HOLDINGS PTE. LTD. 1. INTRODUCTION The Board of Directors (the Board
More informationGKE CORPORATION LIMITED (Company Registration No G) (Incorporated in the Republic of Singapore)
GKE CORPORATION LIMITED (Company Registration No. 200001941G) (Incorporated in the Republic of Singapore) PROPOSED DISPOSAL OF PROPOERTY AT 30 PIONEER ROAD Unless otherwise defined, all capitalised terms
More informationMENCAST HOLDINGS LTD. (Incorporated in the Republic of Singapore) (Company registration no.: C)
MENCAST HOLDINGS LTD. (Incorporated in the Republic of Singapore) (Company registration no.: 200802235C) PROPOSED DISPOSAL OF THE PROPERTY AT 7 TUAS VIEW CIRCUIT, SINGAPORE 637642 GRANT OF OPTION TO PURCHASE
More informationGLOBAL YELLOW PAGES LIMITED (Company Registration No G) (Incorporated in the Republic of Singapore)
GLOBAL YELLOW PAGES LIMITED (Company Registration No. 200304719G) (Incorporated in the Republic of Singapore) PROPOSED ACQUISITION OF LAND IN PAPAKURA, NEW ZEALAND 1. INTRODUCTION The board of directors
More informationProposed Acquisition of an Indirect Interest in One Raffles Place. 10 June 2015
Proposed Acquisition of an Indirect Interest in One Raffles Place 10 June 2015 Disclaimer This presentation should be read in conjunction with the announcement on the proposed acquisition of an indirect
More informationFRASERS COMMERCIAL TRUST
FRASERS COMMERCIAL TRUST (Constituted in the Republic of Singapore pursuant to a trust deed dated 12 September 2005 (as amended)) ANNOUNCEMENT EXPANSION OF INVESTMENT MANDATE AND PROPOSED JOINT ACQUISITION
More informationMISCELLANEOUS http://info.sgx.com/webcorannc.nsf/vwprint/5a360f118384253a482570830013800d?op... Page 1 of 1 9/21/2005 Print this page Miscellaneous * Asterisks denote mandatory information Name of Announcer
More informationRAZER INC. * (Incorporated in the Cayman Islands with limited liability) (Stock code: 1337)
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationShui On Land Limited *
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationAPAC REALTY REPORTS NET PROFIT OF S$24.2 MILLION IN FY2018
APAC REALTY REPORTS NET PROFIT OF S$24.2 MILLION IN FY2018 Declares final dividend of 2.5 cents per share; including the interim dividend of 2.0 cents per share, bringing the total dividend for FY2018
More informationPROPOSED DISPOSAL OF 5 THIRD LOK YANG ROAD, SINGAPORE
Far East Group Limited (Company Registration No.:196400096C) (Incorporated in the Republic of Singapore on 18 March 1964) PROPOSED DISPOSAL OF 5 THIRD LOK YANG ROAD, SINGAPORE 628000 1. INTRODUCTION The
More informationCapitaLand, CCT, and MEA sign joint-venture agreement to redevelop Market Street Car Park into Grade A office tower
NEWS RELEASE For Immediate Release 14 July 2011 CapitaLand, CCT, and MEA sign joint-venture agreement to redevelop Market Street Car Park into Grade A office tower Singapore, 14 July 2011 CapitaLand Commercial
More informationCCT and CMT to acquire Raffles City (RC)
NEWS RELEASE 19 March 2006 For Immediate Release CCT and CMT to acquire Raffles City (RC) First joint ownership between two Singapore REITs Singapore, 19 March 2006 CapitaCommercial Trust Management Limited
More information