Frasers Property (formerly: Frasers Cpt (FCL))

The 1.700 Mark seems to be the maximum it can go at the moment hmm... Very confident that the past history will replay again where it drops down to 1.5++.The property curb needs to be removed first I guess. Still vested though.

> Went to Eastpoint Mall on Friday. The vacancy rate quite jialat. Big spaces left empty.
> Frasers Centrepoint bo cho kang? Supports my view that SG is 'overmall' in short to mid term.

A friend told me the landlord wanted to renew leases every 6 mths. Whether it is for all units or the selected concepts. I have no idea.

How are the mall walking spaces? Would you want to shop in this mall?

(09-12-2014, 10:42 AM)Contrarian Wrote: > Went to Eastpoint Mall on Friday. The vacancy rate quite jialat. Big spaces left empty.
> Frasers Centrepoint bo cho kang? Supports my view that SG is 'overmall' in short to mid term.

A friend told me the landlord wanted to renew leases every 6 mths. Whether it is for all units or the selected concepts. I have no idea.

How are the mall walking spaces? Would you want to shop in this mall?

Though Eastpoint Mall is sited adjacent to Simei mrt, 1 mrt stop to the north at Tampines mrt are 3 big malls - Tampines Mall, Tampines 1 and Century Square. Hence the main clientele for Eastpoint Mall would just be walk-in customers from the nearby Simei housing estate.

2 stops to the south is another big mall, the Changi Citipoint, fully owned by FCT, an FCL reit. Indeed in the circular for FCT's proposed acquisition of Changi Citipoint mall, Eastpoint mall is cited as the main competitive mall in the vicinity. Wonder why NTUC awarded the contract to FCL to manage Eastpoint mall.

Just joined the fcl shareholder community today afternoon.

(finally vested)

Sent from my D5503 using Tapatalk

Incorporation of subsidiary. Seems frasers hospitality will be first to get asset injection in 2015.

I omit the sgx link, realise my links couldn't open properly.

FRASERS CENTREPOINT LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. 196300440G) INCORPORATION OF SUBSIDIARY Pursuant to Rule 704(17)© of the Listing Manual of the Singapore Exchange Securities Trading Limited, Frasers Centrepoint Limited (“FCL”) wishes to announce that FCL (Fraser) Pte. Ltd., a wholly-owned subsidiary of FCL, has incorporated a wholly-owned subsidiary in Germany named “Frasers Hospitality Germany GmbH” (“FHGG”) with an initial issued share capital of EUR 25,000. FHGG is incorporated for the purpose of leasing and/or management of property. BY ORDER OF THE BOARD Piya Treruangrachada Company Secretary 17 December 2014

Sent from my D5503 using Tapatalk

Trying to get over 1.700? Let's see the show tmr. Seems hard based on today's performance

To consider and, if thought fi t, to pass the following Ordinary Resolutions, with or without any modifi cations:
(6) “That authority be and is hereby given to the Directors of the Company to:
(a) (i) issue shares in the capital of the Company (“shares”) whether by way of rights, bonus or otherwise; and/or
(ii) make or grant offers, agreements or options (collectively, “Instruments”) that might or would require shares to be issued, including but not limited to the creation and issue of (as well as adjustments to) warrants,
debentures or other instruments convertible into shares,
at any time and upon such terms and conditions and for such purposes and to such persons as the Directors may in their absolute discretion deem fi t; and
(b) (notwithstanding the authority conferred by this Resolution may have ceased to be in force) issue shares in pursuance of any Instrument made or granted by the Directors while this Resolution was in force,

They are ruling in the possibility of issuing rights!

I think this resolution is quite common amongst listed companies. It refers to the ability, not the intention to issue rights. Correct me if I am wrong.

Anyway, related - agm is 30 jan 2015, 2pm at intercon hotel. See u guys if u are going.

Sent from my D5503 using Tapatalk

2014 Annual Report:

http://www.fraserscentrepoint.com/attach...317_en.pdf

Vested
Core
GG

(09-01-2015, 01:09 PM)thor666 Wrote: I think this resolution is quite common amongst listed companies. It refers to the ability, not the intention to issue rights. Correct me if I am wrong.

Anyway, related - agm is 30 jan 2015, 2pm at intercon hotel. See u guys if u are going.

Sent from my D5503 using Tapatalk

yes. general share issue mandate can be used properly or abused...