Posts: 8,305
Threads: 496
Joined: Jul 2011
Reputation:
60
On the confirmed listing of FHT, FCL will be selling 75 years lease of the following 6 assets with total Appraised Value (AV) of S$620.4m to FHT for S$651.7m:
i) FS Singapore (AV - S$303m) for S$327.0m;
ii) FS Sydney (AV - S$118.4m) for S$121.0m;
iii) FS Canary Wharf (AV - S$62.5m) for S$66.3m;
iv) FS Queens Gate (AV - S$96.3m) for S$97.4m;
v) FS Glasgow (AV - S$17.5m) for S$15.8m;
vi) FS Edinburgh (AV - S$22.7m) for S$24.2m
FCL will be receiving 260,886,999 shares in FHT @ $0.88 and the balance S$422.1m presumably in cash.
Of course, FCL would have already earmarked A$200+m for Sofitel Wentworth but there will remain some balance of the asset light proceeds for its strategic plans for Australand.
Vested
GG
Posts: 3,474
Threads: 95
Joined: Jul 2011
Reputation:
17
Oldman has been in this forum for a few years learning from anyone good or bad. greengirafe and cityfarmer, i can vouch they are "sincere" in their postings. I only make hot air here but they let me stay because they know i just want to learn form "THE GOOD, THE BAD & THE UGLY. So which one are you? It's O. K. i can learn from you too!
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
Posts: 692
Threads: 1
Joined: Dec 2010
Reputation:
7
Trading halted. Good news? Bad news?
Posts: 11
Threads: 0
Joined: Jan 2014
Reputation:
0
FCL has just requested for a trading halt pending some announcements. Does anyone know what the likely announcements are?
Posts: 457
Threads: 7
Joined: Dec 2012
Reputation:
5
perhaps they upped the bid for the australian developer?
Posts: 9,841
Threads: 711
Joined: Mar 2012
Reputation:
64
(01-07-2014, 03:25 PM)egghead Wrote: Trading halted. Good news? Bad news?
Yes, a bit unusual, must be an important announcement.
(vested)
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
Posts: 8,305
Threads: 496
Joined: Jul 2011
Reputation:
60
(01-07-2014, 03:35 PM)CityFarmer Wrote: (01-07-2014, 03:25 PM)egghead Wrote: Trading halted. Good news? Bad news?
Yes, a bit unusual, must be an important announcement.
(vested)
Finalising their A$4.48 bid for Australand post 4 weeks due d... No worries about higher bids as Stockland hasn't gotten any access to perform due d with their bids staying at original levels...
(vested)
Posts: 9,841
Threads: 711
Joined: Mar 2012
Reputation:
64
(01-07-2014, 03:44 PM)greengiraffe Wrote: (01-07-2014, 03:35 PM)CityFarmer Wrote: (01-07-2014, 03:25 PM)egghead Wrote: Trading halted. Good news? Bad news?
Yes, a bit unusual, must be an important announcement.
(vested)
Finalising their A$4.48 bid for Australand post 4 weeks due d... No worries about higher bids as Stockland hasn't gotten any access to perform due d with their bids staying at original levels...
(vested)
I doubt it is on the Australand. There was no halt, for the announcement of the Australand acquisition previously, IIRC.
It might be a corporate action announcement.
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
Posts: 8,305
Threads: 496
Joined: Jul 2011
Reputation:
60
(01-07-2014, 03:57 PM)CityFarmer Wrote: (01-07-2014, 03:44 PM)greengiraffe Wrote: (01-07-2014, 03:35 PM)CityFarmer Wrote: (01-07-2014, 03:25 PM)egghead Wrote: Trading halted. Good news? Bad news?
Yes, a bit unusual, must be an important announcement.
(vested)
Finalising their A$4.48 bid for Australand post 4 weeks due d... No worries about higher bids as Stockland hasn't gotten any access to perform due d with their bids staying at original levels...
(vested)
I doubt it is on the Australand. There was no halt, for the announcement of the Australand acquisition previously, IIRC.
It might be a corporate action announcement.
FCL 1st tabled their offer for ALZ on 4 June (Wednesday) and the 4 weeks due d period expires tomorrow 2 July (Wednesday) so I think should be formalising the terms of the A$4.48/share deal.
http://infopub.sgx.com/FileOpen/FCL-Pres...eID=300069
Posts: 120
Threads: 1
Joined: Jan 2011
Reputation:
2
(01-07-2014, 04:51 PM)greengiraffe Wrote: (01-07-2014, 03:57 PM)CityFarmer Wrote: (01-07-2014, 03:44 PM)greengiraffe Wrote: (01-07-2014, 03:35 PM)CityFarmer Wrote: (01-07-2014, 03:25 PM)egghead Wrote: Trading halted. Good news? Bad news?
Yes, a bit unusual, must be an important announcement.
(vested)
Finalising their A$4.48 bid for Australand post 4 weeks due d... No worries about higher bids as Stockland hasn't gotten any access to perform due d with their bids staying at original levels...
(vested)
I doubt it is on the Australand. There was no halt, for the announcement of the Australand acquisition previously, IIRC.
It might be a corporate action announcement.
FCL 1st tabled their offer for ALZ on 4 June (Wednesday) and the 4 weeks due d period expires tomorrow 2 July (Wednesday) so I think should be formalising the terms of the A$4.48/share deal.
http://infopub.sgx.com/FileOpen/FCL-Pres...eID=300069
yup the deal is on
http://www.reuters.com/article/2014/07/0...2O20140701
Reuters) - Singapore's Frasers Centrepoint Ltd (FCL) has reached a deal to buy Australia's Australand Property Group for about A$2.6 billion ($2.46 billion), the Australian firm said on Tuesday.
Frasers Centrepoint, a company controlled by Thai billionaire Charoen Sirivadhanabhakdi, last month entered the bidding race for the Australian firm, trumping the A$2.5 billon offer from Stockland Corp Ltd, which is currently the biggest shareholder of Australand with a 15.7 percent stake.
Australand said a statement it has entered into an agreement with Frasers Centrepoint Ltd, under which the Singapore firm's wholly-owned subsidiary will make an offer to buy Australand's stapled securities for A$4.48 each.
The deal has to be approved by at least 50 percent of shareholders and Australia's Foreign Investment Review Board.
|
Homepage
PR Newswire
