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Saizen Reits
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guangguang
Member |
21-Nov-2017 09:16
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May i know what happend to my share holding as I am now too late to know that Saizen Reit is delisted. Will I still able to collect dividend from now or I lost everything for my 5000 unit left in cdp? Please advise, thank you. | ||||
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katak88
Master |
05-Oct-2017 09:00
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Saizen Reit to delist from SGX on Oct 6Wed, Oct 04, 2017 - 6:11 PMMAINBOARD-LISTED Saizen Reit announced on Wednesday that it will be delisting from the Singapore Exchange (SGX) on Oct 6, following a termination notice issued earlier this year. In an SGX filing, Saizen said that the termination of the Reit will also take place on Oct 6. It added that current and past unitholders should contact The Central Depository (Pte) Limited or their brokers or Perpetual (Asia) Limited (in its capacity as trustee of the Reit), if they have not received or claimed any of the past distributions of the Reit to which they are entitled. " The value of units and the income derived from them, if any, may fall or rise. Units are not obligations of, deposits in, or guaranteed by, the manager, or any of its affiliates. An investment in units is subject to investment risks, including the possible loss of the principal amount invested. MAINBOARD-LISTED Saizen Reit announced on Wednesday that it will be delisting from the Singapore Exchange (SGX) on Oct 6, following a termination notice issued earlier this year. In an SGX filing, Saizen said that the termination of the Reit will also take place on Oct 6. It added that current and past unitholders should contact The Central Depository (Pte) Limited or their brokers or Perpetual (Asia) Limited (in its capacity as trustee of the Reit), if they have not received or claimed any of the past distributions of the Reit to which they are entitled. " The value of units and the income derived from them, if any, may fall or rise. Units are not obligations of, deposits in, or guaranteed by, the manager, or any of its affiliates. An investment in units is subject to investment risks, including the possible loss of the principal amount invested. " Investors should note that they have no right to request the manager to redeem their units while the units are listed. It is intended that unitholders may only deal in their units through trading on the SGX-ST. The listing of the units on the SGX-ST does not guarantee a liquid market for the units," Saizen said. On May 16, a notice of termination was issued to unitholders and trading had been suspended since then. A final distribution was scheduled for payment to unitholders on Monday. SAIZEN REAL ESTATE INV TRUST Type : DIVIDEND Ex-Date : 15 Sep 2017 Record Date : 19 Sep 2017 Date Paid/Payable Particulars : 02 Oct 2017 010716 - 011017 SGD 0.0322304 |
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chengwh1
Elite |
04-Sep-2017 08:43
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Yeah,... must follow closely, after getting back the funds, can reinvest again for returns,...
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hotelgrand
Master |
03-Sep-2017 23:45
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Any idea when we getting back our proceeds?Someone can enlighten
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katak88
Master |
17-Jul-2017 09:56
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As in their " General Announcement::Monthly Valuation of Assets and Utilisation of Cash" dated 12 Jul 2017, Estimated total cash (on a per Unit basis) as at completion of the Proposed Termination and Delisting S$0.03388 |
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hotelgrand
Master |
17-Jul-2017 09:56
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Thank you for the info ,bro | ||||
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HazardKoh
Master |
16-Jul-2017 19:49
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The first interim payment is AFTER 16 Aug.. (if any) Then the final payment is around September/October . So they may pay by 2 instalments (interim + final) or just one payment (final) and most likely in September, definitely after 16 Aug
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HazardKoh
Master |
16-Jul-2017 19:47
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hotelgrand
Master |
16-Jul-2017 16:24
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Help..have investors here received money already?I like have not received any notification yet..anyone can advise | ||||
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jeremyow
Master |
27-Apr-2017 10:44
Yells: "Passionate business investor" |
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Hope it' s not some ignorant short term traders/ speculators who never read SGX announcements or got updated on Saizen REIT' s pending dissolution by end-Aug this year and still punting this counter at prices higher than $0.034. The dissolution price per unit is already estimated by Saizen REIT to be around $0.03406 per unit. So, unless it is long term short sellers now covering back their units short sold even at prices higher than $0.034, or else buying at higher than $0.034 is not sensible economically speaking. But always, there maybe those punters who do not want to give up the chance of making that micro pip profit.
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johnng
Supreme |
27-Apr-2017 09:27
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RTO is back? |
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jeremyow
Master |
19-Apr-2017 12:14
Yells: "Passionate business investor" |
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Seems both links are not workable. Pls go to SGX to view the exact announcement. Thanks.
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jeremyow
Master |
19-Apr-2017 12:13
Yells: "Passionate business investor" |
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http://infopub.sgx.com/FileOpen/20170412...eID=447998 The previous link to the SGX announcement does not work. I attach the new link again.
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jeremyow
Master |
19-Apr-2017 12:11
Yells: "Passionate business investor" |
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http://infopub.sgx.com/FileOpen/20170412_Monthly_valuation_of_assets_and_utilisation_of_cash.ashx?App=Announcement& FileID=447998 The latest SGX announcement on Saizen REIT on their termination and dissolution. NAV (as at 31 Mar) per unit = $0.03956 Estimated total cash at dissolution per unit = $0.03406 Estimated total cash at dissolution per unit is calculated factoring in estimated termination and dissolution expenses and estimated operating expenses up to end-Aug 2017 and based on 287,024,902 units in issue. Thus, unitholders will get back an estimated $0.03406 in cash per unit of Saizen REIT estimated to be by end-Aug 2017.
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jeremyow
Master |
03-Apr-2017 10:52
Yells: "Passionate business investor" |
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But we must bear in mind that the revised estimation of the final liqudation NAV based on Saizen REIT' s recent announcements are only an estimation as there maybe more updated changes to the accounts of Saizen REIT. So, any calculations of the final liquidation NAV of Saizen REIT is only an approximate and not an absolute figure. Also, the cash return to unitholders may not be exactly the same as the estimated liquidation NAV due to any charges incurred and payments made to any other interested stakeholders apart from the unitholders upon liquidation. So, as always, it is safer to estimate that the final liquidation NAV is lesser, in this case probably lesser than estimated liquidation NAV of $0.0399.
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jeremyow
Master |
03-Apr-2017 10:37
Yells: "Passionate business investor" |
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I doubt there will be anymore RTOs for Saizen REIT as the manager already made announcement that they will go ahead with liquidation process meaning that Saizen REIT will completely close shop soon. Then, it will update its accounts upon liquidation and reimburse unitholders any remaining cash in the REIT. So, basically their fate is sealed in going to be liquidated and cease all operations. Based on their various announcements recently, I see that they may not have added in the 3 million dollars of compensation that Sime Darby has commited to pay Saizen REIT into their accounts yet plus any possible additional miscellaneous compensation sums for the legal adminstration expenses incurred by Saizen REIT during the proposed RTO. Only the other $200k reimbursement by Sime Darby has been updated into Saizen REIT' s account reflected in their latest annoucement on their cash and NAV valuations. As such, I did a calculation and estimated that the updated NAV of Saizen REIT once we include the 3 million dollars compensation sum yet to be included into Saizen REIT' s accounts, then their NAV should be revised upwards to about $0.0399 per unit. Thus, it is not surprising that Saizen REIT is now trading upwards closer to the to be updated NAV of $0.0399 once Saizen REIT receives the 3 million dollars compensation sum in due time. So, the market actually knows what it is doing right now to trade Saizen REIT' s price closer to the final liquidation NAV of around $0.0399 per unit.
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ken777
Veteran |
03-Apr-2017 10:21
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Which chinese companies?
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ehclim
Elite |
03-Apr-2017 09:47
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This RTO failed and does not mean no RTO in the pipeline. Many Chinese companies want to list in SGX by RTO.
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ehclim
Elite |
03-Apr-2017 09:44
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It worths at least 3 cents. DYODD.
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ken777
Veteran |
03-Apr-2017 09:40
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It just a shell company now and with the fail RTO take over together with some $$ compensation. I wonder those who buying in the market now know what are they buying or just buying for the sake of being in top 30 volume hoping it will be played by BB or dump by BB Just my 2 cent |
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