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- เผยแพร่เมื่อ 16 ก.ย. 2024
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CapitaLand is selling its stake in ION Orchard to CapitaLand Integrated Commercial Trust (CICT). CICT needs to raise $1.1 billion via equity funding to purchase the property. Unitholders will need to vote... and if go through, pay money to buy more units...
Having a strong sponsor that continually “handover” well managed properties and move on to develop more properties is important for a REIT.
Just left pocket to right pocket with a twig. Basically it means CLI need cash so divest to CICT to borrow money because REIT can easily to get fund. CICT gearing will be above 40%. With just 0.9% DPU increase, I don't think good deal. Just my thought.
Gearing still below 40%.
Yes they presented 39.8 to 39.9, just 0.1 up. Doesn’t make factual sense. Something in the book will be compromise. Let see after the exercise.
Green Dragon Lets go!
2.00 or 1.80 jiak jiak jiak
Why green dragon
Don't bother with this idiot
Hi Alvin, by when must you subscribe for the rights issue?
I have CICT shares currently but no information by when or how.
Thank you :)
Letters haven’t sent to you yet. I’m faster :D
EGM first. Approved the purchase then the offering will come
Got you & big thanks!
@@DrWealthVideos the ex date is 10/9, meaning to say, if i dont owe the stock by this date, i will not get the right issue offering, am i right?
May I know the closing record date for existing shareholders to buy the allocated shares? I saw that it is closing on 11 Sep at 5pm. Is it so?
Yes. 11 Sep was the cutoff to be eligible for the rights.
So this means that if I did not purchase the allocated shares as of 11 Sep then I have missed it all? I thought it is mentioned there is a EGM in around Oct or Nov? Sorry. I am confused
Another value creation….seller benefited from cash inflow. Whereas buyer, there maybe concern such as not mentioned but Dr. wealth. This may look like moving asset to boost liquidity at the expense of others…
what is the concern for buyer?
For REITs, buying properties from sponsors is a common thing. They even have ROFR. As long as they are good properties at fair prices. In fact, some investors prefer REITs backed by strong sponsors.
Thanks for the video. Will the shareholders of Capitaland Invest (9CI) be affected? If Yes, in what way?
Equivalent to you sold the property and get the money lo.
Not 3.2M. it's B!
Oops
Sounds like left pocket to right pocket 😂 wonder who gain most? I prefer FCT heartland malls mainly
Most REITs bought their properties from sponsors. Especially for their initial portfolio. FCT did that with Frasers property.