Issuance of 2,721,700 new units (the "New Units") in CapitaLand Malaysia Trust (formerly known as CapitaLand Malaysia Mall Trust ("CLMT") at an issue price of MYR 0.6296 per unit as part payment of management fees to CapitaLand Malaysia REIT Management Sdn. Bhd. (formerly known as CapitaLand Malaysia Mall REIT Management Sdn. Bhd. ("CMRM") (as manager of CLMT) for the 6 months' period from 1 January 2021 to 30 June 2021. The total management fee payable to CMRM for the 6 months period ended 30 June 2021 amounted to MYR8,178,273.23 of which MYR1,713,582.32 will be satisfied via the issuance of the New Units to CMRM. Based on the 10-day volume weighted average price of CLMT units issued up to and including 30 June 2021 of MYR0.6296, the number of units to be issued to the Manager will be 2,721,700. ---------------------------------------
EPF already dumping continuously since Nov (read Bursa news announcements), if that is not obvious...
Why cling to this counter, many counters can provide attractive opportunities, especially those fundamentally strong counters which recently suffered needlessly from the Omicron scare and rebounds are at hands.
As Sg Wang Plaza has many different retail shops owned by individual owners, unified development and rental control of business types for each outlet is impossible. No clear segmentation. So, it has lost its shine and crowd attractions for a long time.
Unlike Pavillion, Lot 10 and Mid Valley which are owned and managed by single entity each, control of tenants and types of businesses are possible and effective. Hence better crowd pulling and retail successes.
Sg Wang is no longer an attraction for a long time and will remain so until uncertain time...
CLMT acquired Sg Wang Plaza for 724m, which they duly write down to 442m at end last year. It's their biggest loss, but this is now history. Nevertheless, investors are still worried. The new CEO need to seriously consider selling off Sg Wang Plaza at fire sale price - if they get 300m for this, it's a great win and a huge cash injection which they can use to pay off the 1.4 billion debt and this will unlock CLMT value and price will skyrocket. Question is - at this market, who wants to pay 300m for Sg Wang? Smart of management to get management expenses as extra units when price is low - at the right time, they can take action as and when they see fit to unlock value.
agreements to acquire 91.8% of the total strata floor area of retail parcels in Queensbay Mall in Penang for RM990.5mil.
In a statement, CapitaLand Malaysia REIT Management Sdn Bhd (CMRM), the manager of CLMT, said the purchases from parties related to CapitaLand Investment Ltd (CLI) represent a discount of about 1% to the independent valuation of RM1bil.
It said the manager has proposed to undertake a private placement with an issuance of new CLMT units to raise gross proceeds of up to 50% of the total purchase consideration, while the remainder will be funded by bank borrowings. Including acquisition fees and expenses, the total cost of the acquisition is about RM1.03bil.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
DreamEmperor
3,340 posts
Posted by DreamEmperor > 2021-10-16 20:06 | Report Abuse
online shopping good for covid time only la