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Collect 1.47 cents. Long term stock.....Another A-Reit wanna be.
Hmm... Hope the result is positive tomorrow.
Just added 20 lots at $0.435 to my collection....
Should be positive
They know at this price cannot use rights to raise funds as not so good or effective
Good news or bad news?
ANNOUNCEMENT
S$1,000,000,000 MULTI-CURRENCY MEDIUM TERM NOTE PROGRAMME
- ISSUE OF SERIES 006 NOTES
Mapletree Logistics Trust Management Ltd., Manager of Mapletree Logistics Trust
(“MapletreeLog”) is pleased to announce that MapletreeLog Treasury Company Pte Ltd
(“MTC”) has today issued the sixth series of Notes under the S$1,000,000,000 Multi-Currency
Medium Term Note Programme (the “Programme”, comprising S$20,000,000 principal
amount Fixed Rate Notes due 2010 (the “Series 006 Notes”). The dealer for the Series 006
Notes is Standard Chartered Bank. The Series 006 Notes shall mature on 12 March 2010.
Details of the interest payment in respect of the Series 006 Notes issued under the
Programme are as follow:-
Interest Start Date : 13 March 2009
Interest Payment Date(s) : 13 September 2009 and 12 March 2010
Maturity Date : 12 March 2010
Coupon ; 3.80% per annum*
All sums payable in respect of the Notes will be guaranteed by HSBC Institutional Trust
Services (Singapore) Limited (in its capacity as trustee of MapletreeLog).
The proceeds arising from the issue of the Series 006 Notes will be used to pre-pay an
existing debt currently priced at 4.95% per annum.
Jessica Lien Mei Jin (Ms)
Company Secretary
Mapletree Logistics Trust Management Ltd.
(Company Registration No. 200500947N)
As Manager of Mapletree Logistics Trust
13 March 2009
* Coupon only, not inclusive of any upfront cost that maybe associated with the issuance of
the Notes.
Important Notice
MIT is in private hands
It's different. You dun see MIT cos it's not listed.
Zelphon ( Date: 14-Mar-2009 00:43) Posted:
Same right?? I dun see any MapleTree Industrial Trust other than MapleTreeLog
JustForFun ( Date: 13-Mar-2009 22:54) Posted:
| Read properly lah......Mapletree Industrial Trust.....not Mapletree Logistics Trust
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Same right??
I dun see any MapleTree Industrial Trust other than MapleTreeLog
JustForFun ( Date: 13-Mar-2009 22:54) Posted:
Read properly lah......Mapletree Industrial Trust.....not Mapletree Logistics Trust
Zelphon ( Date: 13-Mar-2009 22:31) Posted:
Waaaaaa..... CHUI !!!!
No dividend for 2 yrs ?!?!!?!?!?!
Jialat la... I lost a lot for this stock liao...........
Should I cut loss?
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SINGAPORE: Mapletree Industrial Trust (MIT) is deferring cash distributions to investors for at least two years because of stricter covenants by the banks.
The trust revealed this on Friday in a bid to address tenants' demands for a reduction in rents.
MIT said its interest costs have doubled to S$23 million with the current credit crunch. It revealed that its shareholders have provided an additional S$140 million in capital to fund its purchase of industrial properties.
Last July, Mapletree bought a portfolio of high-rise industrial properties from JTC Corp for S$1.7 billion – about 60 per cent of that was funded by bank loans.
A group of Mapletree tenants had twice petitioned for the trust to cut its rents because of the tough economic climate.
They had contended that they would have benefited from the 40 per cent property tax rebate given out by the government in January, plus another 15 per cent offered by JTC Corp for its tenants.
But Mapletree had rejected the appeals, saying it too faced business constraints. It added that it would find other ways to help its tenants.
The trust said if it gave in to its tenants' request, the trust would risk defaulting on its loan taken out for the purchase of the JTC portfolio.
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Read properly lah......
Mapletree Industrial Trust.....not Mapletree Logistics Trust
Zelphon ( Date: 13-Mar-2009 22:31) Posted:
Waaaaaa..... CHUI !!!!
No dividend for 2 yrs ?!?!!?!?!?!
Jialat la... I lost a lot for this stock liao...........
Should I cut loss?
| | | | |
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SINGAPORE: Mapletree Industrial Trust (MIT) is deferring cash distributions to investors for at least two years because of stricter covenants by the banks.
The trust revealed this on Friday in a bid to address tenants' demands for a reduction in rents.
MIT said its interest costs have doubled to S$23 million with the current credit crunch. It revealed that its shareholders have provided an additional S$140 million in capital to fund its purchase of industrial properties.
Last July, Mapletree bought a portfolio of high-rise industrial properties from JTC Corp for S$1.7 billion – about 60 per cent of that was funded by bank loans.
A group of Mapletree tenants had twice petitioned for the trust to cut its rents because of the tough economic climate.
They had contended that they would have benefited from the 40 per cent property tax rebate given out by the government in January, plus another 15 per cent offered by JTC Corp for its tenants.
But Mapletree had rejected the appeals, saying it too faced business constraints. It added that it would find other ways to help its tenants.
The trust said if it gave in to its tenants' request, the trust would risk defaulting on its loan taken out for the purchase of the JTC portfolio.
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|
Waaaaaa..... CHUI !!!!
No dividend for 2 yrs ?!?!!?!?!?!
Jialat la... I lost a lot for this stock liao...........
Should I cut loss?
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SINGAPORE: Mapletree Industrial Trust (MIT) is deferring cash distributions to investors for at least two years because of stricter covenants by the banks.
The trust revealed this on Friday in a bid to address tenants' demands for a reduction in rents.
MIT said its interest costs have doubled to S$23 million with the current credit crunch. It revealed that its shareholders have provided an additional S$140 million in capital to fund its purchase of industrial properties.
Last July, Mapletree bought a portfolio of high-rise industrial properties from JTC Corp for S$1.7 billion – about 60 per cent of that was funded by bank loans.
A group of Mapletree tenants had twice petitioned for the trust to cut its rents because of the tough economic climate.
They had contended that they would have benefited from the 40 per cent property tax rebate given out by the government in January, plus another 15 per cent offered by JTC Corp for its tenants.
But Mapletree had rejected the appeals, saying it too faced business constraints. It added that it would find other ways to help its tenants.
The trust said if it gave in to its tenants' request, the trust would risk defaulting on its loan taken out for the purchase of the JTC portfolio.
This is a good counter. Hopefully another a-reit.
Should post good results. Lookout for it!
Seems like it will dropped like BIRDSHIT...
But MAPLETREE is a gd stock...
I just bought some to hold for dividents !!!
tch77_pt75 ( Date: 26-Oct-2008 13:39) Posted:
| What will be the share price outlook withing these 6 months?
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What will be the share price outlook withing these 6 months?
Their properties are of good quality.
Good stock for long term. Potential A-Reit.
This is a good counter...I am still holding on even though I bought it at almost the peak price in 2007...
yipyip ( Date: 21-Oct-2008 22:08) Posted:
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Results not bad. Collect dividends first.
It was 57 cents the other day!!!
wah...now trading at 65.5cts...and right issues at 73cts ?!??!??! wow....those subscribe to rights must be banging balz BIG time now? :P
