CICT : CapLand IntCom Tr - Rights issue offered price of 2.007 for every 1000 share you are alloted 56 share! I think TERP is about 2.09. I guess opening price is 2.07 to 2.08.
Advance DPU of 2.11 to 2.21 cents.
XD 10/9.
DPU accretive is merely 0.9%.
It looks like they are paying a hefty premium price.
Lets see how market react tmr!
The acquitted is funded by rights issue and loan.
The Gearing increased to 39.9%.
It seems like Capiland Investment made a very good divestment gains. Price went up 9 cents to close at 2.78.
CapitaLand Integrated Commercial Trust's (CICT) manager announced on Sept 3 that it is proposing to acquire 50% of ION Orchard at an agreed property value of $1,848.5 million.
CapitaLand Investment (CLI) will divest its 50% interest in ION Orchard to CICT. ION Orchard is currently held in a joint venture with Sun Hung Kai Properties holding the remaining 50%.
The agreed property value is within the range of two independent valuations of ION Orchard, separately commissioned by the trustee and the manager of CICT. On a pro forma basis, assuming CICT had held and operated ION Orchard from Jan 1 to June 30, the distribution per unit (DPU) accretion is expected to be 0.9%.
No comments:
Post a Comment