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Capitaland
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Joelton
Supreme |
25-Jun-2021 09:01
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CapitaLand obtains PE fund manager status in China, to launch first RMB fund in Q4
CAPITALAND on Thursday announced its registration as a private equity (PE) fund manager with the Asset Management Association of China (AMAC).
In a bourse filing before markets opened, the property giant said it was " one of a select few" wholly foreign-owned enterprises to do so.
Its new PE fund manager status will not only allow the group to carry out RMB-denominated capital raising, but also provide fund management services for prospective RMB funds in China. This enhances the capability of the group' s investment management platform to forge more capital partnerships with China' s domestic institutional investors, CapitaLand said.
The group aims to launch its first RMB-denominated fund product in Q4 of 2021. It expects this upcoming fund to capture investment opportunities in new economy assets such as business parks, logistics and data centres.
Target institutional investor types include domestic insurance companies, bank-backed investment platforms, non-bank financial institutions and government investment vehicles.
CapitaLand said its new PE fund manager status will facilitate access to the " abundant liquidity" in China' s financial markets to grow its funds under management and fee-related earnings.
Highlighting China as the group' s largest core market, group chief executive Lee Chee Koon called the PE fund manager' s registration in China a " timely development" . He believes this will also provide a boost to the group' s transition towards an asset-light and capital-efficient business model.
" As China develops into one of the world' s largest asset management markets in the next few years, we see tremendous potential to tap the market liquidity for scaling our investment management platform," he said.
Said Puah Tze Shyang, chief executive of investment and portfolio management at CapitaLand China: " With the successful registration as PE fund manager with AMAC, we will now be able to offer our fund management services to new and more investors through onshore fund raising. This will help to further diversify our domestic investor base in China and complement our existing offshore capital platforms such as CapitaLand China Trust and portfolio of private funds."
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PhillipTan
Supreme |
24-Jun-2021 09:10
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CapitaLand obtains PE fund manager status in China, to launch first RMB fund in Q4CapitaLand on Thursday announced its registration as a private equity (PE) fund manager with the Asset Management Association of China (AMAC).In a bourse filing before markets opened, the property giant said it was " one of a select few" wholly foreign-owned enterprises to do so. Its new PE fund manager status will not only allow the group to carry out RMB-denominated capital raising, but also provide fund management services for prospective RMB funds in China. This enhances the capability of the group' s investment management platform to forge more capital partnerships with China' s domestic institutional investors, CapitaLand said. The group aims to launch its first RMB-denominated fund product in Q4 of 2021. It expects this upcoming fund to capture investment opportunities in new economy assets such as business parks, logistics and data centres. Target institutional investor types include domestic insurance companies, bank-backed investment platforms, non-bank financial institutions and government investment vehicles. CapitaLand said its new PE fund manager status will facilitate access to the " abundant liquidity" in China' s financial markets to grow its funds under management and fee-related earnings. Highlighting China as the group' s largest core market, group chief executive Lee Chee Koon called the PE fund manager' s registration in China a " timely development" . He believes this will also provide a boost to the group' s transition towards an asset-light and capital-efficient business model. " As China develops into one of the world' s largest asset management markets in the next few years, we see tremendous potential to tap the market liquidity for scaling our investment management platform," he said. Said Puah Tze Shyang, chief executive of investment and portfolio management at CapitaLand China: " With the successful registration as PE fund manager with AMAC, we will now be able to offer our fund management services to new and more investors through onshore fund raising. This will help to further diversify our domestic investor base in China and complement our existing offshore capital platforms such as CapitaLand China Trust and portfolio of private funds." Shares of CapitaLand ended Wednesday S$0.05 or 1.4 per cent higher at S$3.74. |
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hokpin
Supreme |
24-Jun-2021 07:27
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CapitaLand obtains registered Private Equity Fund Manager status in China to carry out RMB-denominated capital raising
Timely development to tap China?s abundant liquidity to diversify CapitaLand?s investor base Targets to launch first RMB-denominated fund product in 4Q 2021 |
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Adrianinsing
Elite |
23-Jun-2021 22:15
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That was many bonus issues ago - I honestly believe that if we hold and take up the offer CapitaLand is making while it delists we can easily double our money from here eventually
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invest8
Senior |
23-Jun-2021 22:05
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Seems like there are many CapitaLand ' old birds' in this forum..... yeah, CapitaLand was once S$7+.. wondering when it can reach or exceed that price level again?
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Juzztrade
Master |
23-Jun-2021 21:43
Yells: "Techincal and long term investor" |
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Same for me, I bought it at around 1.70 in 1992 and sold all at 7.80 in 2007.
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Adrianinsing
Elite |
23-Jun-2021 20:42
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I bought this company in October 1987 at 94c when it was called DBS Land before the merger - it was the stock market crash back then and it had listed at $1 and dropped below issue price ! It later merged with Pidemco to form CapitaLand - of course I sold that purchase years ago - now it' s a stronger company and is equally good value today as it was then back in 1987 if not even cheaper in relative terms - it' s my favourite company on SGX as the management is trustworthy and has the highest integrity plus the management always look after their shareholders both big and small and plan ahead in a very strategic manner.
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Adrianinsing
Elite |
23-Jun-2021 20:26
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Good profit coming for you mone 💰 yes those who hold and resist the temptation to sell at the current lower levels will benefit most 😊 👍
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beetlejuice
Master |
23-Jun-2021 18:43
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Yes, agree. I am holding for year end big reward. 11 000 shares @ $3.18 average cost.
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Adrianinsing
Elite |
23-Jun-2021 14:22
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It' s exactly as I predicted below ...
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Adrianinsing
Elite |
23-Jun-2021 13:46
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CapitaLand very strong 💪 today - I think major selling is over
Soon $3.8 then on to $4.12 |
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Adrianinsing
Elite |
22-Jun-2021 19:03
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CapitaLand is holding steady
My advice is HOLD don?t sell Those who hold will get their rewards soon |
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PhillipTan
Supreme |
21-Jun-2021 09:16
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Ascott to buy two properties in Paris, Hanoi for S$210m via private equity fundCapitaLand' s wholly-owned lodging business unit The Ascott will spend S$210 million to acquire two properties in France and Vietnam through the Ascott Serviced Residence Global Fund, Ascott' s private equity fund with Qatar Investment Authority.The wholly-owned lodging business unit of CapitaLand has entered into two agreements to acquire the two properties on a turnkey basis. They are projected to open in 2024, CapitaLand said in a bourse filing on Monday. Ascott will acquire a freehold asset in Paris, which will be refurbished and fall under its lyf brand, making it Ascott' s first co-living property in Europe. Named livelyfhere Gambetta Paris, the 139-unit property is located in the 20th arrondissement, near galleries, cinemas, café s and restaurants, street art and music venues. Ascott will also acquire the 364-unit Somerset Metropolitan West Hanoi. The asset is located in Hanoi' s new central business district and is close to several government agencies as well as local and international corporations. The property is also a 10-minute drive to the Vietnam National Convention Centre and half-an-hour drive to the Noi Bai International Airport. The acquisitions will raise Ascott' s total fund assets under management (FUM) to about S$8 billion, it said. There will also be eight properties under the ASRGF with close to 1,700 units. CapitaLand' s chief executive for lodging Kevin Goh said: " ASRGF and our sponsored hospitality trust, Ascott Residence Trust are key investment platforms to grow our FUM in a capital-efficient manner." He noted that the group is seeing strong growth momentum from fee-related earnings generated through the management of its private fund and the listed hospitality trust, as well as recurring fees earned from asset management and property management. Mak Hoe Kit, managing director of ASRGF and head of business development at Ascott, said the first ASRGF-owned property that was divested outperformed the expectation of its underwriting. |
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Adrianinsing
Elite |
19-Jun-2021 01:06
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Great article - thanks for sharing - good conclusion also ... The proposed restructuring is a masterful move by the Capitaland board. I am happy to be an investor in CLIM and remain bullish on their prospects.
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doremifatso
Senior |
19-Jun-2021 00:16
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https://wandering-elephant.com/2021/06/18/capitaland-matching-up-to-the-high-bar-set-by-mapletree/ | ||||
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josemmm123
Master |
18-Jun-2021 19:34
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u are absolutely spot on :) hold on tight
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Adrianinsing
Elite |
18-Jun-2021 19:06
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Yup it' s just triple witching CapitaLand may trade in a range for a few weeks $3.65-$3.74 After that around mid to end July / beginning August it should move up to $3.80.
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josemmm123
Master |
18-Jun-2021 17:58
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yes.. triple witching.. 3rd fri of Dec, Mar, June and Sept Institutional fund managers adjusting their portfolio
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stansays
Member |
18-Jun-2021 17:54
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Similar to Hongkongland. Big jump of 0.09 to $5.03 after closed at 1704hrs.
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hokpin
Supreme |
18-Jun-2021 17:33
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A surprised huge volume were transacted after market close by 3 cents jumped to SGD 3.69 | ||||
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