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Saizen Reits
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ronleech
Elite |
03-Apr-2017 09:36
Yells: "Believe in yourself. Ride with the waves......" |
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Looks like something big on the card coming.... | ||||
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destinykraze
Elite |
12-Mar-2012 16:47
Yells: "Reality is only a matter of perception" |
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game over. 0 value for minor shareholders |
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sleepydevil
Member |
10-Mar-2017 19:29
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THE transaction process on a proposed reverse takeover (RTO) deal between Saizen Real Estate Investment Trust (Reit) and Sime Darby Property Singapore that has been brewing since August 2016 has fallen through and the Reit will be liquidated. Saizen Reit' s manager, Japan Residential Assets Manager Limited, on Friday said in a filing to the bourse operator that " it is not possible to complete the proposed RTO transaction by the long stop date of the implementation agreement, being March 31, 2017" . Following further discussions between the manager and Sime Darby Property Singapore, the proposed RTO will not proceed, the manager said. " The manager will commence liquidation proceedings for Saizen Reit upon the mutual termination of the implementation agreement, and will make relevant announcements to keep unitholders updated as appropriate on next steps," the manager added. It urged unitholders to exercise caution in the dealing or trading of shares of the Reit.  @ClaireHuangBT |
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sleepydevil
Member |
10-Mar-2017 19:28
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Saizen REIT to be liquidated after RTO falls through |
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katak88
Master |
20-Feb-2017 11:45
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Saizen Reit' s manager stresses proposed RTO not done dealMonday, February 20, 2017 - 09:24 by  CLAIRE HUANG
THE board of directors of Japan Residential Assets Manager Limited, manager of Saizen Reit (real estate investment trust), on Monday told unitholders that there is no certainty that a circular containing information of its proposed reverse takeover (RTO) would be issued. In October 2016, the Reit had gone into an implementation agreement for the proposed acquisition of industrial properties in Australia, as well as a RTO of the Reit by Sime Darby Property Singapore Limited. On Monday, Saizen said in a filing that since the receipt of approval-in-principle, Sime Darby Property Singapore " has been working on certain aspects of the proposed RTO transaction" . It said that unitholders should also note that there is no certainty that the RTO extraordinary general meeting (EGM) will be convened or that the proposed RTO transaction can be completed. " If the RTO EGM is not convened (in time or at all) such that the proposed RTO transaction cannot be completed by the long-stop date of the implementation agreement of March 31, 2017, the implementation agreement will be terminated in accordance with its terms," the Reit said.
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hotelgrand
Master |
06-Feb-2017 11:35
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From the prospectus..i attended the EGM
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SmallSmall
Supreme |
02-Feb-2017 21:18
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Both Extension and SGX AIP Obtained
The Board would like to announce that Saizen REIT (through the Manager), had on 31 January 2017, entered into a supplemental agreement (the ?Supplemental Agreement?) with Sime Darby Property Singapore Limited, Sime Darby Eastern Investments Private Limited and Perpetual Corporate Trust Limited (as the trustee of Sime REIT Australia, a wholly-owned head Australian trust) to amend, among others, the Long-Stop Date from 31 January 2017 (under the Implementation Agreement) to 31 March 2017. Approval In Principle Obtained PROPOSED ACQUISITION BY SAIZEN REIT OF INDUSTRIAL PROPERTIES IN AUSTRALIA AND THE REVERSE TAKEOVER OF SAIZEN REIT ? APPROVAL-IN-PRINCIPLE BY THE SINGAPORE EXCHANGE SECURITIES TRADING LIMITE |
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ehclim
Elite |
02-Feb-2017 21:07
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PROPOSED ACQUISITION BY SAIZEN REIT OF INDUSTRIAL PROPERTIES IN
AUSTRALIA AND THE REVERSE TAKEOVER OF SAIZEN REIT &ndash APPROVAL-IN-PRINCIPLE BY THE SINGAPORE EXCHANGE SECURITIES TRADING LIMITED (THE " SGX-ST" )
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nngeeh
Veteran |
23-Jan-2017 09:28
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By 31 Jan... there is a risk of breakdown of RTO ... and the manager might start liquidation process. The price will most likely drop to the NAV of 0.031 after 31 Jan if there is no further progress. Nevertheless, Unitholders should note that, unless otherwise agreed in writing between the parties thereto, the Implementation Agreement will terminate if any of the conditions precedent set out therein is not satisfied or waived, where applicable, by 31 January 2017 and the Manager shall then decide on the next course of action (which may include commencing liquidation proceedings for Saizen REIT). |
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ehclim
Elite |
20-Jan-2017 18:14
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Where did you get 2.3 cents per unit? The residual NAV in cash is about 3 cents. They will distribute to the unitholders prior to the RTO.
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hotelgrand
Master |
20-Jan-2017 16:38
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Why $23 per 1000 shares be paid? | ||||
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hotelgrand
Master |
09-Nov-2016 23:51
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Sime Darby Australia will buy over but before this shareholders will get another 2.36 about $23.60 per 1000 shares.After that will amalgate so that shares will trade above 50cts and remain on main board what your view? Previously when they consolidate i made some $$$ | ||||
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desmondquek
Senior |
25-Oct-2016 16:26
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BET DOWN |
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ronleech
Elite |
20-Oct-2016 10:27
Yells: "Believe in yourself. Ride with the waves......" |
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This type of counter out to suck money only... |
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hotelgrand
Master |
20-Oct-2016 10:10
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My mum has 1000 shares or 1 lot only..she originally had 5000 but consolidated into 1000 shares..fyi...
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hotelgrand
Master |
20-Oct-2016 10:08
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3 Oct ASM ASIA REC sold 358000 at 0.05 and 4 Oct V-Nee Yeh sold 495000 at 0.05..major shareholders clearing or selling according to Business Times report..after consolidation we lose out normally as market price lower than theoretical ex price fyi | ||||
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hotelgrand
Master |
19-Oct-2016 10:01
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Nothing much to mention except that share consolidation WILL happen. No news on yield also, it's still too early. Cfirm share consolidation..after that rights issue so better not touch now..agree?
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treetops
Elite |
11-Oct-2016 09:30
Yells: "Moments Today, Memories Tomorrow!" |
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As for now, Cheapest Reit shares in SGX. lol |
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treetops
Elite |
11-Oct-2016 08:05
Yells: "Moments Today, Memories Tomorrow!" |
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You sure bo, before the 1st cash distribution, per lot of share is more than $1 plus, meaning your mum spend a million on this o.O By the way, cash distribution does not affect the number of shares you own, you still have the same amount of shares only the value of the shares changed.
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Composure
Senior |
11-Oct-2016 07:52
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haha so wayang 1wk ago said deal limbo then accumulate? now say proceed and gg to pump?
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