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CCT shareholders are issued 0.72 new CMT units and a $0.259 cash portion.
Current CCT share price accurately reflects that.
There is nothing free given to CCT. Don' t understand whatever you are writing. Please explain.
Current CCT share price accurately reflects that.
There is nothing free given to CCT. Don' t understand whatever you are writing. Please explain.
danger ( Date: 16-Oct-2020 16:19) Posted:
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it will be similar to SCI shareholders after getting the " free" SCM shares ... all can' t wait to take money
if the CMT given value to CCT holder is valued $1.86 ... if price is $1.95 to $2... mai tu liao
and yet they still have 26cent cash buffer in pocket
if the CMT given value to CCT holder is valued $1.86 ... if price is $1.95 to $2... mai tu liao
and yet they still have 26cent cash buffer in pocket
What CCT holders do with their shares is none of my business. I am not interested in what they can do with their shares. They can keep, they can trade away. They can buy more. So thank you passer-by Danger.
danger ( Date: 16-Oct-2020 16:02) Posted:
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What are they going to do? You can predict? Are you a CCT shareholder too?
you will know what capcom trust shareholder can do with their capitalmall trust shares once merged
O Really? You danger, scared of a mere 2.78 new billion shares in the capital of CapitaMall, but you are not scared of the 10 billion plus new shares issued recently in the share capital of SembMar?
I am just a passer -by thru capitalmall ... no long no short but scare of the 2.78 billion new shares
That is odd. Methought he always buy and drive up prices. Now, sold, really cannot believe.
Danger BB just sold.
danger ( Date: 16-Oct-2020 15:40) Posted:
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We know lah Danger, no need to bold it so, and make so big lettering.
The new CICT will have an enlarged asset base comprising of both CMT and CCT properties. So that more than compensates for the price being paid in cash and shares.
This is why shareholders voted " resoundingly" for it recently.
So we know what to expect lah. No need to keep reminding us.
The new CICT will have an enlarged asset base comprising of both CMT and CCT properties. So that more than compensates for the price being paid in cash and shares.
This is why shareholders voted " resoundingly" for it recently.
So we know what to expect lah. No need to keep reminding us.
Unitholders of CapitaLand Commercial Trust will be offered 0.72 new units of CapitaLand Mall Trust (worth around S$1.86 based on a unit price of S$2.59) together with S$0.259 in cash.
In terms of cost, it will require a hefty S$999.1 million in cash and the issue of 2.78 billion new units of CapitaLand Mall Trust based on a unit price of S$2.59. The new units are expected to increase the number of units under CapitaLand Mall Trust by over 76%.
St.Maximus ( Date: 16-Oct-2020 14:55) Posted:
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Or rather, CCT will delist and leave the new CMT called CICT (or something like that) to trade on SGX with more shares available for trading, which is the ' another 75% more shares' Danger is referring to. Share liquidity is another plus for the new entity.
marketuncle ( Date: 16-Oct-2020 14:49) Posted:
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Exactly GreenTrap
GreenTrap ( Date: 16-Oct-2020 14:48) Posted:
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Let' s see next week
These new shares cancel out all the CCT shares. The net effect is still net gain in NAV. Whether will translate to price gain is another issue.
danger ( Date: 16-Oct-2020 09:38) Posted:
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Haha, kk not too tight if not buey koon.
St.Maximus ( Date: 16-Oct-2020 13:44) Posted:
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Hey guys, I am not asking anyone to sell or buy, just don' t let any share influence your sleep by keeping it so close to you. Some distance is good so that we can remain objective.
St.Maximus ( Date: 16-Oct-2020 13:44) Posted:
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Hold too tightly cannot sleep one, better to let go a bit.
Hopefully, hold tight
Very likely will gap up above $2.0 on Monday as it becomes heavy weight REIT on Monday.. Let's see..