OUE (formerly: Overseas Union Enterprise)

[Nick]

Wow ! Possibly another REIT listing - spinning off a commercial reit.

http://infopub.sgx.com/FileOpen/Announce...eID=257553

(Not Vested)

[lonewolf]

Another 2-property REIT? Seems to be the flavour of the day ever since SPH tried it.

I have to say that OUE Bayfront is a very enticing asset. But I wonder why not the other commercial assets too? 6 Shenton Way Tower One and Two (formerly DBS Building) will be a perfect fit. As will One Raffles Place. So when a company tries to spin-off a REIT from its assets, but cherry-pick which assets not to inclue, you can't help but be a little wary.

And why acquired LCR assets? Score one for the anti-REIT camp and their 'parent company dumping asset' theory.

Managed to find a copy of LCR's annual report and here's a list of the potential asset to be acquired by OUE Commercial REIT.

[Image: LCR-Assets_zpsb95b0ff8.jpg]

[opmi]

HKC and LCR been buying back their own shares jialat jialat when I last look at it.

Wonder if Lippo Centre HK is in one of these two? http://www.lippocentre.com.hk/html/home.php

[specuvestor]

Wow ! Possibly another REIT listing - spinning off a commercial reit.

http://infopub.sgx.com/FileOpen/Announce...eID=257553

(Not Vested)

Lippo was late to the game... but better late than never... speaks volume of what are their views

[Louhan]

If OUE manage to spin off a Commercial REIT successfully, will shareholders receive a special dividend?

[opmi]

If OUE manage to spin off a Commercial REIT successfully, will shareholders receive a special dividend?

Did OUE pay out special div when they spin off the last REIT??

I think LCR and HKC and ASM borrowed to take over OUE. So the incentive is there.

[kbl]

Never a fan of Lippo group except when they bought over OUE from UOB. Collected a few rounds of 6cts less tax dividend, 1 10cts less tax, a final special dividend of $3.248 nett and a GO of $10.20. The rest are all history.

<vested odd lot 50shares in physical >

[stalknewbie]

i'd second that prices would rise for OUE as they would be giving out a special dividend? or do u reckon it has been priced in? the price is currently very near it's 52 week low aft falling c.8% yesterday

[stalknewbie]

OUE: Exploring opportunities for a commercial REIT listing OUE has announced that it could be exploring the listing of a Commercial REIT, which could initially consist of its OUE Bayfront property, an 18-storey office building at Collyer Quay, alongside with its ancillary properties which comprises a tower building used for F&B purposes and a link bridge with retail shops. Current occupancy rate of OUE Bayfront stands at 93.3%. The company adds that other commercial properties owned by Lippo China Resources would also be up for consideration to divest into the proposed REIT. OUE note that key details of the proposed REIT are currently under review and the REIT’s establishment and listing would be subjected to market conditions, with no certainty that it will or will not proceed. We recall just last week, Lippo Group’s founder and Chairman, Mr Mochtar Riady said that the group aims to seek real estate acquisitions in the US, adding that overseas deals will be handled by OUE, which is headed by his son, Stephen Riady. In line with earlier guidance to investors, OUE aims to double its asset base to $10b over the next three years. Early this year, OUE made its first foray into the US with the acquisition of US Bank Tower in Los Angeles for US$367.5m. Going forward, the younger Riady expects future investments to be of similar scale, and is targeting California, New York and Miami for possible deals. Overall, OUE (Buy, TP $3.40) remains one of Maybank-KE’s top property pick in Singapore, as the group levers up for expansion and seeks to diversify its predominantly Singapore portfolio. At $2.56, OUE trades at a steep 50% discount to Maybank KE's RNAV of $5.10

[mkmk]

http://infopub.sgx.com/FileOpen/OUE_Subm...eID=259978

OUE Bayfront will be included in the planned listing of OUE Commercial Trust, in addition to Lippo Plaza.