| Latest Forum Topics / Dasin Retail Tr Last:0.02 -- |
 Post Reply
|
|
TAIWAN ADR rise from NT$1 to $4.30
|
|||||
|
winter3947
Member |
20-Oct-2020 17:12
|
||||
|
x 0
x 0 Alert Admin |
https://www.straitstimes.com/asia/east-asia/call-for-young-people-from-hk-macau-to-move-to-greater-bay-area
With a view towards better integrating China' s two special administrative regions into what will be the new economic powerhouse, President Xi Jinping is encouraging young people from Hong Kong and Macau to move to the Greater Bay Area. Speaking in Shenzhen yesterday to mark the 40th anniversary of the establishment of China' s first special economic zone in the southern city, Mr Xi called for the deepening of integration between young people in Hong Kong, Macau and Guangdong province to " increase their sense of belonging to the motherland" . " With Shenzhen being an important engine in its development, we should seize the major historical opportunities in the development of the Greater Bay Area, promote the alignment of economic rules, and institutions of Guangdong, Hong Kong and Macau," the Chinese President said. |
||||
| Useful To Me Not Useful To Me | |||||
|
dloh1368
Member |
15-Oct-2020 10:07
|
||||
|
x 0
x 0 Alert Admin |
It' s simply amazing when the world is reeling in the pandemic while China' s domestic economy remains vibrant. The recovery in footfall at the Malls is simply amazing yet not unimaginable as what we can see at the Malls in Singapore like VivoCity. interesting to see how the 2 new Malls will contribute fully in 2021. |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
hopeful7703
Member |
14-Oct-2020 15:38
|
||||
|
x 0
x 0 Alert Admin |
DASIN RETAIL TRUST: Picking up steam after Covid-19 (part 1)https://www.nextinsight.net/story-archive-mainmenu-60/943-2020/13597-dasin-retail-trust-picking-up-steam-after-covid-19
1. Dasin Retail Trust has been listed since 2017. What would you say are some of the business highlights in that period? 1. 大 信 商 用 信 托 自 2017年 起 上 市 。 可 以 说 下 上 市 至 今 这 段 期 间 的 业 务 亮 点 吗 ？ DRT started off with 3 retail properties in the portfolio with an aggregate value of approximately RMB4.6 billion and grew to a total of 5 assets with an aggregate value of about RMB9.5 billion as of 31 March 2020. In September 2019, DRT achieved a major corporate milestone with the Trust&rsquo s maiden acquisition, Doumen Metro Mall in Zhuhai City, since our listing on SGX-ST in 2017. Following the successful acquisition of Doumen Metro Mall, we announced the proposed acquisition of Shunde and Tanbei Metro Malls in November 2019 which was approved by unitholders at the EGM in December 2019. DRT在 初 期 时 仅 拥 有 3间 购 物 中 心 ， 总 价 值 为 人 民 币 45.6亿 元 ， 但 截 止 2020年 3月 31日 已 拥 有 5间 购 物 中 心 ， 总 价 值 为 人 民 币 94.8亿 元 。 2019年 9月 ,信 托 完 成 了 自 2017年 上 市 以 来 的 首 次 收 购 ， 即 位 于 珠 海 市 的 大 信 ∙ 新 都 汇 斗 门 店 。 在 成 功 收 购 斗 门 店 后 ， DRT于 2019年 11月 宣 布 收 购 顺 德 和 坦 背 店 ， 在 2019年 12月 的 特 别 股 东 大 会 上 获 得 单 位 持 有 人 的 批 准 。 Since IPO in 2017, DRT has expanded its assets under management from RMB4.6 billion to RMB12.1 billion including the proposed acquisition by actively implementing investment growth strategies. If the proposed acquisitions are included, the valuation of the portfolio will expand by nearly three times within three years from listing. 自 2017年 IPO以 来 ， DRT通 过 积 极 的 实 施 投 资 增 长 策 略 ， 扩 大 了 资 产 规 模 。 在 3年 的 时 间 里 ， 信 托 投 资 物 业 组 合 估 值 扩 展 至 上 市 之 时 的 近 3倍 ， 从 人 民 币 45.6亿 元 增 长 至 人 民 币 120.9亿 元 。 2. How has the Trust' s 5 malls performed through the COVID-19 period? 2. 在 疫 情 期 间 ， DRT的 5间 购 物 中 心 的 表 现 如 何 ？ From 26 January 2020. Dasin Retail Trust&rsquo s five retail malls shortened operating hours from 10:00 to 16:00 with the exception of the provision of essential services such as supermarkets and certain F& B outlets etc. but cinemas, KTVs, ice skating rings, bookstores and other crowded places were temporarily closed. 1月 26日 起 ， 大 信 · 新 都 汇 的 五 间 购 物 中 心 缩 短 营 业 时 间 为 10:00&mdash 16:00。 商 场 仍 提 供 基 本 公 共 服 务 （ 如 大 型 超 市 、 药 店 、 部 分 餐 饮 等 ） ， 但 是 电 影 院 、 KTV、 溜 冰 场 、 书 城 等 人 流 密 集 型 场 所 全 天 暂 停 营 业 。 Shiqi Metro Mall, Xiaolan Metro Mall, Dasin E-Colour and Doumen Metro Mall resumed normal operating hours since 24 February 2020, while Ocean Metro Mall reverted to its normal operating hours on 2 March 2020. Thus, revenue decreased by about 21% yoy in 1Q2020. 2月 24日 起 ， 石 岐 店 、 小 榄 店 、 斗 门 店 和 溢 彩 荟 恢 复 正 常 营 业 时 间 ； 远 洋 店 则 于 3月 2日 起 恢 复 正 常 营 业 时 间 。 因 此 ， 2020年 第 一 季 度 收 入 同 比 下 降 约 21%。  During COVID-19 period, the property manager organized live streaming and interacted with shoppers at the malls to drive tenants&rsquo sales through live streaming app &ldquo Dasin Hui&rdquo (大 信 荟 ） with more than 540,000 members. From March to May 2020, DRT hosted more than 100 live broadcasts hosted by influencers to promote a plethora of tenants&rsquo items sold at the malls. 疫 情 期 间 ， 物 业 管 理 人 通 过 小 程 序 &ldquo 大 信 荟 &rdquo ， 在 购 物 中 心 现 场 与 消 费 者 进 行 实 时 互 动 交 流 以 推 动 商 户 销 售 。 在 2020年 3月 至 5月 期 间 ， 大 信 荟 共 举 办 了 超 过 100场 现 场 直 播 带 货 ， 促 进 商 户 销 售 。 With the initiatives taken, the monthly turnover rent has gradually recovered from February to May. Turnover rent in May 2020 was about 89.2% of average monthly turnover rent in 4Q2019 as compared to February 2020 which was about only 36.1% of average monthly turnover rent in 4Q2019. We believe that the positive trend will continue and full recovery is expected. 通 过 采 取 这 些 措 施 ， 营 业 额 提 成 租 金 在 2月 至 5月 之 间 逐 渐 恢 复 。 2020年 5月 的 营 业 额 租 金 为 2019年 第 四 季 度 平 均 水 平 的 89.2％ 左 右 ， 而 2020年 2月 的 营 业 额 租 金 仅 为 2019年 第 四 季 度 平 均 水 平 的 36.1%左 右 。 我 们 相 信 这 良 好 的 趋 势 将 持 续 ， 并 有 望 全 面 恢 复 。 3. As e-commerce becomes more prevalent, how do you see the retail business of the 5 malls faring? 3.随 着 电 子 商 务 的 普 及 ， 您 觉 得 这 5间 购 物 中 心 的 零 售 业 务 会 如 何 发 展 ？ While we acknowledge the rising trend of e-commerce, our malls are positioned to serve the densely populated catchment area and seek to be a one-stop centre fulfilling the demands of the community in terms of their daily necessities needs, dining, entertainment, education and shopping. 虽 然 电 子 商 贸 正 有 上 升 趋 势 ， 但 信 托 的 商 场 却 定 位 于 为 人 口 密 集 的 住 宅 社 区 内 提 供 各 种 服 务 ， 并 致 力 成 为 满 足 社 区 需 求 的 一 站 式 中 心 ， 例 如 餐 饮 、 娱 乐 、 教 育 和 购 物 。 Through proactive asset and lease management, the trust introduced more experiential trades (e.g. leisure, sports, entertainment, dining and training) and defensive retail businesses (e.g. supermarkets, home appliances and other daily necessities) to its assets. For example, since the second half of 2019, we reconfigured the traditional home furnishing space at Ocean Metro Mall into a children&rsquo s education area that are in line with current consumption trends, and achieved a positive rental reversion of about 48% for the reconfigured space. Apart from improving shoppers&rsquo traffic, the enhanced tenant mix also brought greater resistance to the impact of e-commerce. As of 31 March 2020, experiential and defensive retail mix accounted for approximately 60% of the trust&rsquo s total NLA. Therefore, we believe that the impact of e-commerce on the trust&rsquo s assets is manageable. 通 过 主 动 的 租 户 管 理 策 略 ， 信 托 物 业 引 入 了 较 多 的 体 验 型 业 态 （ 如 休 闲 、 运 动 、 娱 乐 、 餐 饮 、 培 训 等 线 下 体 验 业 态 ） ， 比 如 ， 我 们 从 2019年 下 半 年 开 始 ， 对 远 洋 店 传 统 家 居 业 态 进 行 改 造 升 级 ， 引 进 了 符 合 时 下 消 费 趋 势 的 儿 童 教 育 类 业 态 ， 改 造 后 租 金 水 平 提 升 约 48%， 同 时 依 托 现 有 的 防 御 型 业 态 ， 如 超 市 等 。 这 两 类 业 态 不 仅 能 为 商 场 带 来 消 费 人 流 ， 同 时 对 电 商 造 成 的 冲 击 抵 御 能 力 也 更 强 。 截 至 2020年 3月 31日 ， 信 托 物 业 中 以 上 两 种 业 态 合 计 占 出 租 面 积 约 为 60 % 。 因 此 ， 我 们 相 信 信 托 资 产 受 线 上 消 费 的 影 响 是 较 可 控 的 。 In recent years e-commerce companies have been actively expanding their offline platforms. Taking Alibaba as an example, since Ma Yun introduced the concept of new retail in 2016, the company has expanded its offline platforms by investing in Yiguo, Suning, Sanjiang shopping, Lianhua Supermarket, Yintai, Sunart Retail and formed strategic partnership with the Bailian Group. As at end-2017, Alibaba' s investments in offline retailing reached 73.5 billion yuan. At the same time, Tencent partnered with retail giants such as Yonghui Superstores, Carrefour and Wal-Mart to digitalise and introduce smart retail to areas including retail experience, payment innovation, marketing and membership etc. In addition to the active integration of online and offline resources, technological innovations such as artificial intelligence and unmanned supermarkets have also brought new growth potential to the retail industry. 我 们 留 意 到 近 年 来 电 商 平 台 也 在 积 极 拓 展 线 下 领 域 ， 打 响 了 最 后 一 里 路 争 夺 战 。 以 阿 里 巴 巴 为 例 ， 自 马 云 在 2016年 提 出 新 零 售 的 概 念 后 ， 阿 里 加 快 线 下 布 局 ， 现 已 投 资 易 果 生 鲜 、 苏 宁 云 商 、 三 江 购 物 、 联 华 超 市 、 银 泰 、 高 鑫 以 及 和 百 联 集 团 达 成 战 略 合 作 。 截 至 2017年 底 ， 阿 里 巴 巴 对 线 下 零 售 的 投 资 规 模 达 到 735亿 人 民 币 。 与 此 同 时 ， 腾 讯 也 先 后 牵 手 永 辉 ， 家 乐 福 及 沃 尔 玛 等 传 统 零 售 业 巨 头 ， 计 划 在 购 物 体 验 、 支 付 创 新 、 市 场 营 销 、 会 员 会 籍 等 方 面 开 展 数 字 化 和 智 慧 化 零 售 合 作 。 此 外 ， 除 了 线 上 线 下 资 源 的 积 极 整 合 外 ， 人 工 智 能 及 无 人 超 市 等 技 术 革 新 也 为 零 售 业 带 来 新 的 增 长 潜 力 。 In addition, we have also developed our own member management system, &ldquo Dasin Hui&rdquo (大 信 荟 ） , a platform that provides comprehensive information on the products and services in the malls, to ensure that the customers can have a convenient and preferential shopping experience. We aim to draw customers from online channels to physical stores while being the shopping mall operator of choice among tenants. We have also identified brands which are more suitable for e-commerce and brick-and-mortar respectively during the COVID-19 pandemic. This would help us in better targeting and pivoting the tenant mix for our malls. 我 们 的 商 场 定 位 于 为 人 口 密 集 的 住 宅 社 区 内 提 供 各 种 服 务 ， 并 致 力 成 为 满 足 社 区 需 求 的 一 站 式 中 心 ， 满 足 日 常 生 活 需 求 ， 例 如 餐 饮 、 娱 乐 、 教 育 和 购 物 。 访 问 购 物 中 心 和 线 上 购 物 主 要 区 别 在 于 客 户 体 验 。 因 此 ， 我 们 引 入 了 更 多 的 体 验 型 业 态 ， 以 此 提 升 顾 客 的 体 验 。 此 外 ， 我 们 也 推 出 了 自 己 的 会 员 管 理 系 统 - &ldquo 大 信 荟 &rdquo ， 为 消 费 者 提 供 最 便 捷 优 惠 的 购 物 体 验 。 在 疫 情 期 间 ， 我 们 对 于 一 些 租 户 品 牌 和 业 务 有 了 更 深 一 步 的 了 解 ， 哪 些 品 牌 更 适 合 电 子 商 务 或 实 体 商 务 。 这 将 有 助 于 我 们 更 好 地 选 择 和 调 整 我 们 商 场 的 租 户 组 合 。 By adopting such a business strategy, the management aims to draw customers from online channels to physical stores while being the shopping mall operator of choice among tenants. 通 过 采 用 这 样 的 商 业 策 略 ， 管 理 层 希 望 将 客 户 从 网 上 吸 引 到 实 体 店 ， 同 时 成 为 租 户 中 首 选 的 购 物 中 心 运 营 商 。 4. Shareholders have been receiving dividends which are higher than otherwise because of an agreed waiver by the Sponsor of part of its entitlement for 5 years ending 2021. Can you explain how the waiver works and the rationale? 4.由 于 发 起 人 同 意 在 5年 内 放 弃 部 分 分 派 权 益 直 到 2021年 ， 因 此 股 东 获 得 的 股 息 较 高 。 您 能 解 释 一 下 豁 免 的 原 因 吗 ？ The Sponsor is of the view that there is a lot of embedded value in the current valuations of the properties which are currently not realised as two of the properties (Dasin E-Colour and Ocean Metro Mall) are relatively new and require time to mature and stabilise. Their rental income will not have reached a level in line with those of more mature or stabilised properties. 发 起 人 认 为 ， 目 前 物 业 估 值 未 体 现 实 际 价 值 ， 因 为 其 中 两 项 物 业 （ 溢 彩 荟 及 远 洋 店 ） 是 新 物 业 ， 需 要 时 间 发 展 成 熟 及 实 现 稳 定 增 长 。 它 们 的 租 金 收 入 还 没 有 达 到 成 熟 水 平 。 As an expression of confidence in the long-term income growth of DRT, each of Aqua Wealth and Bounty Way will waive a portion of their entitlement to distribution from DRT for the benefit of other Unitholders to ensure that investors in DRT will receive a distribution yield more commensurate with market-level rents immediately when they invest in DRT, without having to wait for Ocean Metro Mall and Dasin E-Colour to stabilise. The Trustee-Manager will distributethe total amount of the waived distribution to the Unitholders. For the avoidance of doubt, such waived distribution will also be distributed to each of Aqua Wealth and Bounty Way in relation to their Units that are not subject to the Distribution Waiver in any particular year. 为 了 表 达 对 大 信 长 期 收 入 增 长 的 信 心 ， Aqua Wealth和 Bounty Way放 弃 其 部 分 的 股 息 分 配 ， 以 使 其 他 单 位 持 有 人 受 益 ， 以 确 保 大 信 的 投 资 者 能 立 即 获 得 与 市 场 水 平 的 租 金 相 应 的 收 益 率 ， 而 不 必 等 待 大 信 新 都 汇 远 洋 店 和 大 信 溢 彩 荟 成 熟 运 营 后 。 信 托 管 理 公 司 将 豁 免 分 配 的 总 额 分 配 给 单 位 持 有 人 。 有 关 豁 免 的 分 配 也 将 分 配 给 Aqua Wealth和 Bounty Way不 参 与 分 配 豁 免 的 单 位 。 As the rental levels for the portfolio is expected to increase to a level that is comparable to the market rate over time, the percentages and number of Units held by Aqua Wealth and Bounty Way which will not be entitled to distributions will decrease over time. 由 于 投 资 组 合 的 租 金 预 计 将 随 时 间 增 长 到 市 场 水 平 ， 因 此 Aqua Wealth 和 Bounty Way参 与 分 配 豁 免 的 单 位 的 百 分 比 和 数 量 将 随 之 而 减 少 。 5. Cumulatively, in absolute dollars, how much has the Sponsor given up through the waiver? 5.发 起 人 通 过 豁 免 放 弃 了 多 少 分 派 金 额 ？ Approximately S$55.1m from 2017 to 2019. 从 2017年 到 2019年 约 5,510万 新 元 。 |
||||
| Useful To Me Not Useful To Me | |||||
|
winter3947
Member |
12-Oct-2020 13:32
|
||||
|
x 0
x 0 Alert Admin |
Dasin Retail Trust keeps faith in China' s Greater Bay Area potentialMs Wang Qiu' s unassuming appearance belies a spirit of quiet determination - a quality that has seen the engineer through a two decade-long career spanning the construction and real estate sectors. As Liaoning-born Wang, chief executive of the manager of Dasin Retail Trust, says: " Through life, you will face many challenges. The key is not to shy away from difficulties. There' s always a solution to every problem." Ms Wang, 43, began her career in 1999 with Zhongshan Sheng Xing, a curtain wall manufacturer within the Zhongshan Dasin Holdings group of companies, which is the sponsor of Dasin Retail Trust. It proved to be a high-pressure job. She says: " I spent 10 years in that role. I was constantly in battle mode - dealing with precise manufacturing requirements, coordinating complex work plans and responding to emergencies at any hour." Those experiences honed her attention to detail and focus. Ms Wang went on to hold various positions and headed the team behind Dasin Retail Trust' s initial public offering here in 2017. In March this year, she assumed the role of CEO of its trustee-manager. Dasin Retail Trust is the only China retail property trust listed in Singapore that provides direct exposure to the fast-growing Guangdong-Hong Kong-Macau Greater Bay Area. It has seven malls, in Foshan, Zhuhai and Zhongshan, with a value of about 11.7 billion yuan (S$2.3 billion). The key deal came in July with the acquisition of Shunde Metro in Foshan and Tanbei Metro in Zhongshan for $375 million. Ms Wang attributes this significant milestone to her tenacity. " During the pandemic, many unlocked a range of hidden talents, such as baking and handicraft, but my main claim to fame was the Shunde-Tanbei acquisition," she says, half tongue-in-cheek. Her persistence ran counter to recommendations from financiers and management about market volatility, as well as the impact on valuations and revenues following Covid-19. " I didn' t want to postpone the completion of the acquisition. What can or will happen in the future is anybody' s guess," she says. " We were determined to see it through, and we did." Ms Wang aims to grow the trust' s market cap to $1 billion within the next three to five years through organic growth and acquisitions. " This will allow us to better realise the benefits of scale, such as reducing capital costs and improving operational efficiencies. At the same time, we can attract more attention from institutional investors," she says. GROWING ECONOMIC POTENTIALDasin Retail Trust' s location within the Greater Bay Area also bodes well for its future. Two new financial markets - the up-and-coming Guangzhou and Macau bourses - would add to the US$8.8 trillion (S$12 trillion)combined market cap of Hong Kong and Shenzhen, amplifying the Greater Bay Area' s economic potential. Yet the trust' s more immediate challenges include Covid-19 and evolving consumer trends. " This year has been impacted by the pandemic and the upcoming United States elections, but opportunities exist in any crisis," Ms Wang says. " We believe the impact of the outbreak on China' s retail sector will be short-lived." Dasin has stepped up events-driven marketing like music festivals, cultural exhibitions and sport competitions, which have buoyed footfall in its malls and sparked a rebound in monthly turnover rents. While Ms Wang acknowledges the threat of e-commerce, she believes Dasin' s malls are well-positioned to serve their densely populated catchment areas. " Because we have adjusted our operations to accelerate the integration of online and offline into an omni-channel offering, some of our businesses were not only unaffected during the pandemic, they saw significant year-on-year increases in sales," she says. When she is not managing the trust, she can be found with her son, 14, and daughter, seven. " I want my children to face challenges with courage, and be able to solve their problems through determination and persistence. " They must remember that great things are never achieved alone - they are carried out by a team - so they must never be afraid to ask for help." https://www.straitstimes.com/business/companies-markets/dasin-retail-trust-keeps-faith-in-chinas-greater-bay-area-potential |
||||
| Useful To Me Not Useful To Me | |||||
|
george78
Member |
23-Jul-2020 11:01
|
||||
|
x 0
x 0 Alert Admin |
www.scmp.com/business/banking-finance/article/3090756/exchanges-take-shape-macau-guangzhou-turbocharge-southern ?... the GBA?s population is poised to expand by 43 per cent to 100 million over the next 15 years, according to one official forecast.? | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
brchkho1
Master |
21-Jul-2020 16:46
|
||||
|
x 0
x 0 Alert Admin |
www.linkedin.com/posts/financial-pr_10-in-10-dasin-retail-trust-sgxcedu-activity-6691226910640484352-YMGL
Copy and paste without https:// in front can view liao.
|
||||
| Useful To Me Not Useful To Me | |||||
|
dloh1368
Member |
21-Jul-2020 15:49
|
||||
|
x 0
x 0 Alert Admin |
Wat is this? Can paste the text here directly?
|
||||
| Useful To Me Not Useful To Me | |||||
|
george78
Member |
21-Jul-2020 14:30
|
||||
|
x 0
x 0 Alert Admin |
https://www.linkedin.com/posts/financial-pr_10-in-10-dasin-retail-trust-sgxcedu-activity-6691226910640484352-YMGL | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
dloh1368
Member |
06-Jul-2020 10:08
|
||||
|
x 0
x 0 Alert Admin |
Seems like Dasin is stepping up on their engagement with the investors...this is a good sign. https://www.nextinsight.net/story-archive-mainmenu-60/943-2020/13597-dasin-retail-trust-picking-up-steam-after-covid-19 |
||||
| Useful To Me Not Useful To Me | |||||
|
jcjc18
Member |
01-Jul-2020 12:08
|
||||
|
x 0
x 0 Alert Admin |
http://dasintrust.com/ Scan the QR code below or search for DASIN_RETAIL_TRUST to subscribe to Dasin Retail Trust on WeChat:
|
||||
| Useful To Me Not Useful To Me | |||||
|
Joelton
Supreme |
27-Jun-2020 17:12
|
||||
|
x 0
x 0 Alert Admin |
Dasin Retail Trust launches private placement to raise up to S$94m
DASIN Retail Trust on Friday launched a private placement to raise gross proceeds of up to S$94 million to partially fund its proposed acquisition of two malls in China' s Guangdong province.
The trust will issue a maximum of 120.5 million new units at an issue price of between S$0.78 and S$0.80 per new unit. The issue price range represents a discount of about 6 per cent and 3.6 per cent respectively to the trust' s volume-weighted average price of S$0.83 per unit for trades done on June 25.
The new units are expected to be issued on or around July 7, its trustee-manager said on Friday morning.
In November last year, Dasin Retail Trust announced that it is proposing to buy two malls in China from its sponsor Zhongshan Dasin Real Estate and its trustee-manager' s chairman, Zhang Zhencheng. The trustee-manager said then that it had entered into a sale and purchase agreement for the proposed acquisitions of Shunde Metro Mall in Foshan city and Tanbei Metro Mall in Zhongshan city, with the total acquisition cost estimated to be S$333 million, subject to post-completion adjustments.
In a bourse filing on Friday, the trustee-manager said it intends to use about S$77.7 million, or 82.7 per cent of the gross proceeds to make partial repayment of an onshore construction loan. Another S$4.8 million, or 5.1 per cent of the gross proceeds will be used for construction payables, while S$11.5 million, or 12.2 per cent, will go towards fees and expenses related to the placement.
Under the private placement, controlling unitholder Aqua Wealth Holdings may subscribe for up to 44 million new units in Dasin Retail Trust.
The trustee-manager believes that the private placement, in combination with debt and equity financing and internal funding, is an " efficient and overall beneficial method" of raising funds to finance the proposed acquisition, as well as to allow for the participation of more potential institutional and accredited investors. It added that the increase in the total number of units in issue and an enlarged unitholder base is expected to enhance trading liquidity.
In connection with the placement, the trustee-manager intends to declare a semi-annual distribution for the period from Jan 1 to June 30, as well as an advanced distribution for the period from July 1 to 6, being the date immediately before the new units are issued. Taken together, the cumulative distribution is estimated to be between two Singapore cents and 2.33 cents. Holders of the new units from the placement will not be entitled to this cumulative distribution, which the trustee-manager said would ensure fairness to existing unitholders.
The next distribution following the cumulative distribution will comprise Dasin Retail Trust' s distributable income for the period from July 7 to Dec 31, 2020. Semi-annual distributions will resume thereafter.
AMTD Global Markets Bank of China, Singapore branch CLSA Singapore DBS Bank Haitong International Securities (Singapore) Phillip Securities and Soochow CSSD Capital Markets (Asia) are the joint bookrunners for the placement.
https://www.businesstimes.com.sg/companies-markets/dasin-retail-trust-launches-private-placement-to-raise-up-to-s94m |
||||
| Useful To Me Not Useful To Me | |||||
|
brchkho1
Master |
26-Jun-2020 09:01
|
||||
|
x 0
x 0 Alert Admin |
Halt. Pending announcement.
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
george78
Member |
26-May-2020 10:03
|
||||
|
x 0
x 0 Alert Admin |
Probably it' s time to look at this counter which provides exposure to the Guangdong-HK-Macau Greater Bay Area... Looks like the PRC government is focusing on the Greater Bay Area, just pushed out 26 specific measures to promote trade and investments in the Greater Bay Area. https://asiatimes.com/2020/05/supportive-measures-unveiled-for-greater-bay-area/ |
||||
| Useful To Me Not Useful To Me | |||||
|
dloh1368
Member |
26-May-2020 09:59
|
||||
|
x 0
x 0 Alert Admin |
DASIN RETAIL TRUST: What was the impact of Covid-19?https://www.nextinsight.net/story-archive-mainmenu-60/943-2020/13544-dasin-retail-trust-what-was-the-impact-of-covid-19 |
||||
| Useful To Me Not Useful To Me | |||||
|
george78
Member |
20-May-2020 10:43
|
||||
|
x 0
x 0 Alert Admin |
Announced the 1Q business update, malls performances inevitably hit by covid-19, but the recovery is quick. https://links.sgx.com/FileOpen/DASINRT-Business%20Update_18%20May%202020.ashx?App=Announcement& FileID=611333 |
||||
| Useful To Me Not Useful To Me | |||||
|
laksaman57
Supreme |
04-Jul-2019 16:45
|
||||
|
x 0
x 0 Alert Admin |
https://www.theedgesingapore.com/news/ma/dasin-retail-trust-acquire-guangdong-mall-275-mil
"It is proposing a private placement of new units in Dasin Retail Trust at an illustrative issue price of 83.6 cents to raise around $68.8 million in gross proceeds, and to draw down some $210 million in bank borrowings" |
||||
| Useful To Me Not Useful To Me | |||||
|
RaoRao
Member |
17-Feb-2019 06:25
|
||||
|
x 0
x 0 Alert Admin |
Done anyone know when is dasin going to annouce? | ||||
| Useful To Me Not Useful To Me | |||||
|
laksaman57
Supreme |
13-Nov-2018 23:59
|
||||
|
x 0
x 0 Alert Admin |
Worth noting > Lease expiry profile at Dasin E-Colour, for FY2019, is at 50%(net lettable area) & 48%(Gross Rental Income) Slide-27 http://dasintrust.listedcompany.com/newsroom/20181101_235628_CEDU_XCT4JW3NSC0O3DOP.3.pdf |
||||
| Useful To Me Not Useful To Me | |||||
|
laksaman57
Supreme |
13-Nov-2018 21:42
|
||||
|
x 0
x 0 Alert Admin |
SINGAPORE (Nov 13): Soochow CSSD Capital Markets (SCCM) is initiating coverage on Dasin Retail Trust and a target price of 97 cents, which implies a total return of 21.6% and FY19E yield of 8.3%. https://www.theedgesingapore.com/dasin-retail-trust-started-buy-proxy-zhongshans-growing-spending-power |
||||
| Useful To Me Not Useful To Me | |||||
|
Trader256
Member |
08-Mar-2018 12:05
|
||||
|
x 0
x 0 Alert Admin |
Target Price by Phillip Capital - $0.98. https://www.theedgesingapore.com/dasin-retail-trust-remains-attractive-despite-expected-dpu-tapering-phillip-capital Price just breaking out today at $0.90. |
||||
| Useful To Me Not Useful To Me | |||||
