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Latest Forum Topics / CapLand IntCom T    Last:2.34    +0.01  Post Reply
CapitalMallTrust
ReitsReader
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31-Aug-2020 11:49     
 
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 Alert Admin 		In my opinion, CMT price will dip temporarily due to dilution. But the accretion in NAV per unit will eventually push it back up. At full recovery, this counter can easily reach $2.50 and above. Just be patient. It will be the largest Reit in Singapore based on Market Cap

GreenTrap      ( Date: 31-Aug-2020 10:06) Posted:

Will the new units affect our holdings?

ReitsReader      ( Date: 31-Aug-2020 08:25) Posted:

CCT obtained approval to delist and CMT obtained approval for 2 million new units as per the trust scheme arrangement. Can sense the merger is drawing near. 😍


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CheeryVGoh
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31-Aug-2020 11:05     
 
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 Alert Admin 		BusinessTimes reported :
 
MON, AUG 31, 2020 - 8:30 AM


THE Singapore Exchange (SGX) on Friday granted in-principle approval to CapitaLand Mall Trust (CMT) for the listing of up to 2.78 billion new units as part consideration for its merger by way of a trust scheme with CapitaLand Commercial Trust (CCT), CMT' s manager said in a bourse filing on Monday.

SGX on Friday also advised that it has no objection to the proposed delisting of CCT, subject to the trust scheme becoming effective, CCT' s manager said on Monday.

SGX' s in-principle approval for the listing of the new CMT units is subject to compliance with listing requirements for the units, court approval of the implementation of the trust scheme, and the approval of CMT' s independent unitholders for all the resolutions necessary to effect the merger.

CMT' s manager said further details on the merger, the trust scheme and the related transactions will be set out in a circular to unitholders to be issued in due course, together with a notice to convene an extraordinary general meeting.
 


Units of CMT ended Friday at S$1.90, up S$0.04 or 2.2 per cent. Units of CCT finished at S$1.64, up S$0.04 or 2.5 per cent.


Laurenpanna      ( Date: 31-Aug-2020 10:50) Posted:

Anyone Receive this Email from CCT?


RECEIPT OF APPROVAL-IN-PRINCIPLE FROM THE SINGAPORE EXCHANGE SECURITIES TRADING LIMITED
 
  1. INTRODUCTION
 
CapitaLand Commercial Trust Management Limited (the " CCT Manager" ), as manager of CapitaLand Commercial Trust (" CCT" ), refers to the announcement dated 22 January 2020 (the " Joint Announcement" ) issued by the CCT Manager and CapitaLand Mall Trust Management Limited, as manager of CapitaLand Mall Trust (" CMT" ), in relation to the proposed merger of CMT and CCT through the acquisition by CMT of all the issued and paid-up CCT Units by way of a trust scheme of arrangement, to be effected in accordance with the Singapore Code on Take-overs and Mergers. Unless otherwise defined, all capitalised terms used and not defined herein shall have the same meanings given to them in the Joint Announcement.
 
  1. RECEIPT OF APPROVAL-IN-PRINCIPLE FROM THE SGX-ST
 
Further to the Joint Announcement, an application was made by the CCT Manager to seek approval from the Singapore Exchange Securities Trading Limited (the " SGX-ST" ) for the proposed delisting of CCT from the Official List of the SGX-ST upon the Trust Scheme becoming effective and binding in accordance with its terms. The CCT Manager wishes to announce that the SGX-ST has, on 28 August 2020, advised that it has no objection to the delisting of CCT from the Official List of the SGX-ST, subject to the Trust Scheme becoming effective. The above decision of the SGX-ST is not to be taken as an indication of the merits of the Trust Scheme, the delisting and removal of CCT from the Official List of the SGX-ST, CCT, the CCT Manager, their subsidiaries and/or their securities. Further details of the Merger and the Trust Scheme will be set out in the scheme document to be issued by the CCT Manager to CCT Unitholders in due course (the " Scheme Document" ).
 
In the meantime, CCT Unitholders are advised to refrain from taking any action in relation to their CCT Units which may be prejudicial to their interests, until they or their advisers have considered the information on the Trust Scheme, and the recommendation of the CCT Independent Directors on the Trust Scheme as well as the advice of the independent financial adviser, Deloitte & Touche Corporate Finance Pte Ltd, all of which will be set out in the Scheme Document.
 
  1. RESPONSIBILITY STATEMENT
 
The directors of the CCT Manager (including those who may have delegated detailed supervision of this Announcement) have taken all reasonable care to ensure that the facts stated and opinions expressed in this Announcement are fair and accurate and that there are no other material facts not contained in this Announcement the omission of which would make any statement in this Announcement misleading. The directors of the CCT Manager jointly and severally accept responsibility accordingly. Where any information has been extracted or reproduced from published or otherwise publicly available sources, the sole responsibility of the directors of the CCT Manager has been to ensure through reasonable enquiries that such information is accurately extracted from such sources or, as the case may be, reflected or reproduced in this Announcement.
 
*******************************************************
 

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Laurenpanna
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31-Aug-2020 10:50     
 
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 Alert Admin 		Anyone Receive this Email from CCT?


RECEIPT OF APPROVAL-IN-PRINCIPLE FROM THE SINGAPORE EXCHANGE SECURITIES TRADING LIMITED
 
  1. INTRODUCTION
 
CapitaLand Commercial Trust Management Limited (the " CCT Manager" ), as manager of CapitaLand Commercial Trust (" CCT" ), refers to the announcement dated 22 January 2020 (the " Joint Announcement" ) issued by the CCT Manager and CapitaLand Mall Trust Management Limited, as manager of CapitaLand Mall Trust (" CMT" ), in relation to the proposed merger of CMT and CCT through the acquisition by CMT of all the issued and paid-up CCT Units by way of a trust scheme of arrangement, to be effected in accordance with the Singapore Code on Take-overs and Mergers. Unless otherwise defined, all capitalised terms used and not defined herein shall have the same meanings given to them in the Joint Announcement.
 
  1. RECEIPT OF APPROVAL-IN-PRINCIPLE FROM THE SGX-ST
 
Further to the Joint Announcement, an application was made by the CCT Manager to seek approval from the Singapore Exchange Securities Trading Limited (the " SGX-ST" ) for the proposed delisting of CCT from the Official List of the SGX-ST upon the Trust Scheme becoming effective and binding in accordance with its terms. The CCT Manager wishes to announce that the SGX-ST has, on 28 August 2020, advised that it has no objection to the delisting of CCT from the Official List of the SGX-ST, subject to the Trust Scheme becoming effective. The above decision of the SGX-ST is not to be taken as an indication of the merits of the Trust Scheme, the delisting and removal of CCT from the Official List of the SGX-ST, CCT, the CCT Manager, their subsidiaries and/or their securities. Further details of the Merger and the Trust Scheme will be set out in the scheme document to be issued by the CCT Manager to CCT Unitholders in due course (the " Scheme Document" ).
 
In the meantime, CCT Unitholders are advised to refrain from taking any action in relation to their CCT Units which may be prejudicial to their interests, until they or their advisers have considered the information on the Trust Scheme, and the recommendation of the CCT Independent Directors on the Trust Scheme as well as the advice of the independent financial adviser, Deloitte & Touche Corporate Finance Pte Ltd, all of which will be set out in the Scheme Document.
 
  1. RESPONSIBILITY STATEMENT
 
The directors of the CCT Manager (including those who may have delegated detailed supervision of this Announcement) have taken all reasonable care to ensure that the facts stated and opinions expressed in this Announcement are fair and accurate and that there are no other material facts not contained in this Announcement the omission of which would make any statement in this Announcement misleading. The directors of the CCT Manager jointly and severally accept responsibility accordingly. Where any information has been extracted or reproduced from published or otherwise publicly available sources, the sole responsibility of the directors of the CCT Manager has been to ensure through reasonable enquiries that such information is accurately extracted from such sources or, as the case may be, reflected or reproduced in this Announcement.
 
*******************************************************
 
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vicloo
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31-Aug-2020 10:48     
 
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 Alert Admin 		Let's how fast spore will approve it after US FDA approval it... You see MOT's is pushing hard to restart air travel.... I believe there will be strong push for MOH to approve the vaccine too l, ASAP😊 .

LeShramp      ( Date: 31-Aug-2020 10:07) Posted:

Based on my basic understanding on medical approval process (had the privilege of speaking to industry experts on this matter in my professional life), every country has its own ' FDA' equivalent though an approval from a recognized and established regime (e.g. US FDA) will typically be able to accelerate the domestic trial/approval process of every countries. It also depends on the difference in population demographics. For example, a US FDA approved drug would typically be more readily acceptable in EU than in Asia countries as the US-EU population demographics are more similar than US-Asia population. 

In short, all drugs would need to go through a local approval process before availing for domestic usage. In the Singapore context, I would like to think that we have a pretty stringent local approval process.

vicloo      ( Date: 31-Aug-2020 09:31) Posted:

If this is only to free travel (Globally accepted, no quarantine after vaccinated) and maskless, yes i will lol
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LeShramp
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31-Aug-2020 10:07     
 
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 Alert Admin 		Based on my basic understanding on medical approval process (had the privilege of speaking to industry experts on this matter in my professional life), every country has its own ' FDA' equivalent though an approval from a recognized and established regime (e.g. US FDA) will typically be able to accelerate the domestic trial/approval process of every countries. It also depends on the difference in population demographics. For example, a US FDA approved drug would typically be more readily acceptable in EU than in Asia countries as the US-EU population demographics are more similar than US-Asia population. 

In short, all drugs would need to go through a local approval process before availing for domestic usage. In the Singapore context, I would like to think that we have a pretty stringent local approval process.

vicloo      ( Date: 31-Aug-2020 09:31) Posted:

If this is only to free travel (Globally accepted, no quarantine after vaccinated) and maskless, yes i will lol

uiop1223      ( Date: 31-Aug-2020 07:39) Posted:

More direct qn is , will u take
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GreenTrap
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31-Aug-2020 10:06     
 
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 Alert Admin 		Will the new units affect our holdings?

ReitsReader      ( Date: 31-Aug-2020 08:25) Posted:

CCT obtained approval to delist and CMT obtained approval for 2 million new units as per the trust scheme arrangement. Can sense the merger is drawing near. 😍

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vicloo
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31-Aug-2020 09:31     
 
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 Alert Admin 		If this is only to free travel (Globally accepted, no quarantine after vaccinated) and maskless, yes i will lol

uiop1223      ( Date: 31-Aug-2020 07:39) Posted:

More direct qn is , will u take?

vicloo      ( Date: 31-Aug-2020 07:23) Posted:

https://www.cnbc.com/2020/08/30/fda-willing-to-fast-track-coronavirus-vaccine-before-phase-three-trials.html?__source=androidappshare

Would sg believe US vaccine... This time? Russia one spore seems to ignore.


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a79991
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31-Aug-2020 09:28     
 
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 Alert Admin 		Finally moving above MCT...
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ReitsReader
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31-Aug-2020 08:25     
 
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 Alert Admin 		CCT obtained approval to delist and CMT obtained approval for 2 million new units as per the trust scheme arrangement. Can sense the merger is drawing near. 😍
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uiop1223
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31-Aug-2020 07:39     
 
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 Alert Admin 		More direct qn is , will u take?

vicloo      ( Date: 31-Aug-2020 07:23) Posted:

https://www.cnbc.com/2020/08/30/fda-willing-to-fast-track-coronavirus-vaccine-before-phase-three-trials.html?__source=androidappshare

Would sg believe US vaccine... This time? Russia one spore seems to ignore.

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vicloo
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31-Aug-2020 07:23     
 
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 Alert Admin 		https://www.cnbc.com/2020/08/30/fda-willing-to-fast-track-coronavirus-vaccine-before-phase-three-trials.html?__source=androidappshare

Would sg believe US vaccine... This time? Russia one spore seems to ignore.
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vicloo
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29-Aug-2020 22:23     
 
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 Alert Admin 		Hmm... Depends on market conditions on the day and future business results.

allinalltheway      ( Date: 29-Aug-2020 16:29) Posted:

What will be the price after merge ?

vicloo      ( Date: 29-Aug-2020 14:57) Posted:

30th sept is only 1mth away, hope this merger gets pas
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allinalltheway
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29-Aug-2020 16:29     
 
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 Alert Admin 		What will be the price after merge ?

vicloo      ( Date: 29-Aug-2020 14:57) Posted:

30th sept is only 1mth away, hope this merger gets pass

a79991      ( Date: 27-Aug-2020 17:28) Posted:

Bro, appreciate & tks for the info
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vicloo
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29-Aug-2020 14:57     
 
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 Alert Admin 		30th sept is only 1mth away, hope this merger gets pass

a79991      ( Date: 27-Aug-2020 17:28) Posted:

Bro, appreciate & tks for the info.

LeShramp      ( Date: 27-Aug-2020 16:44) Posted:

The current long-stop date is 30 Sep 2020, as per the 22 Jul announcement. So it would need to be finalized by then
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a79991
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27-Aug-2020 17:28     
 
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 Alert Admin 		Bro, appreciate & tks for the info.

LeShramp      ( Date: 27-Aug-2020 16:44) Posted:

The current long-stop date is 30 Sep 2020, as per the 22 Jul announcement. So it would need to be finalized by then.

a79991      ( Date: 27-Aug-2020 16:28) Posted:

Any idea roughly when the date of merger??
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LeShramp
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27-Aug-2020 16:44     
 
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 Alert Admin 		The current long-stop date is 30 Sep 2020, as per the 22 Jul announcement. So it would need to be finalized by then.

a79991      ( Date: 27-Aug-2020 16:28) Posted:

Any idea roughly when the date of merger??
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a79991
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27-Aug-2020 16:28     
 
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 Alert Admin 		Any idea roughly when the date of merger??
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a79991
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27-Aug-2020 16:05     
 
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 Alert Admin 		Ok! Tks. 

LeShramp      ( Date: 27-Aug-2020 16:01) Posted:

Given that both REITs come under the Capitaland umbrella and the merger terms were announced after the onset of COVID-19 (which is supposedly accretive for unitholders of both REITs), I would think that there' s a high probability.

There hasn' t been any negative news to suggest that the merger would disadvantage one unitholder over the other. It' s just pending the passing of the required resolutions at this juncture.

a79991      ( Date: 27-Aug-2020 15:29) Posted:

With your opinion do you think that the merger would go through
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LeShramp
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27-Aug-2020 16:01     
 
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 Alert Admin 		Given that both REITs come under the Capitaland umbrella and the merger terms were announced after the onset of COVID-19 (which is supposedly accretive for unitholders of both REITs), I would think that there' s a high probability.

There hasn' t been any negative news to suggest that the merger would disadvantage one unitholder over the other. It' s just pending the passing of the required resolutions at this juncture.

a79991      ( Date: 27-Aug-2020 15:29) Posted:

With your opinion do you think that the merger would go through?

LeShramp      ( Date: 27-Aug-2020 14:20) Posted:

The market may inherently factor in a discount for risk of the merger not going through just as the offer prices for most General Offers would typically be higher than the trading price, up till the closing of the General Offers.

If you' re of the view that the merger is a done deal, then you' re likely better off holding. Having said that, the number of CMT shares given to CCT shareholders may potentially result in odd lots which tend to result in some illiquidity discount. But I don' t reckon the discount would be significant and it would just be for < 100 shares
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Chappie
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27-Aug-2020 15:33     
 
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 Alert Admin 		Thanks Bro! 

LeShramp      ( Date: 27-Aug-2020 14:20) Posted:

The market may inherently factor in a discount for risk of the merger not going through just as the offer prices for most General Offers would typically be higher than the trading price, up till the closing of the General Offers.

If you' re of the view that the merger is a done deal, then you' re likely better off holding. Having said that, the number of CMT shares given to CCT shareholders may potentially result in odd lots which tend to result in some illiquidity discount. But I don' t reckon the discount would be significant and it would just be for < 100 shares.

Chappie      ( Date: 27-Aug-2020 14:11) Posted:

Hi Bro, Thanks for the advises ... I hold both CCT & CMT since beginning of 2020 ... Thinking of selling off CCT ... Not sure if it's a good move.


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