R-o-P is correct... it's not one-third coz the vehicle used is not Unique Development but..
Unique Consortium: Heeton=35%, KSH=35%, TEE=20%, Zap=10%
Unique Rezi: Heeton=42%, KSH=42%, TEE=0%, Zap=16%
Unique Consortium had a 35% stake in NeWest and Seletar Gardens, Unique Rezi stake in KAP is 30%
thus Heeton and KSH each, have the same effective interests of 12.25% in NeWest(HongLeongGarden), 12.25% in Seletar Gardens, and 12.6% for KAP.
Thus the "per share" earnings sensitivity of the JV Partners to below projects are as follows: (based on their Issued Shrs as at Dec2012)
HongLeong Garden: Oxley=1.0, Ksh=1.7, Hee=2.9, Tee=0.8
Seletar Garden : Oxley=1.0, Ksh=1.7, Hee=2.9, Tee=0.8
King Albert Park: Oxley=1.0, Ksh=1.8, Hee=3.0, Tee=0.0
Unique Consortium: Heeton=35%, KSH=35%, TEE=20%, Zap=10%
Unique Rezi: Heeton=42%, KSH=42%, TEE=0%, Zap=16%
Unique Consortium had a 35% stake in NeWest and Seletar Gardens, Unique Rezi stake in KAP is 30%
thus Heeton and KSH each, have the same effective interests of 12.25% in NeWest(HongLeongGarden), 12.25% in Seletar Gardens, and 12.6% for KAP.
Thus the "per share" earnings sensitivity of the JV Partners to below projects are as follows: (based on their Issued Shrs as at Dec2012)
HongLeong Garden: Oxley=1.0, Ksh=1.7, Hee=2.9, Tee=0.8
Seletar Garden : Oxley=1.0, Ksh=1.7, Hee=2.9, Tee=0.8
King Albert Park: Oxley=1.0, Ksh=1.8, Hee=3.0, Tee=0.0