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Break 70c liao should have sold on first day when it drop below IPO price, when are they going to give dividend?
Soilbuild business space REIT oso into long term by Temasek holdings, holding more then 9%.
teeth53 ( Date: 19-Aug-2013 22:04) Posted:
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hi all,
Can anyone tell me what does this means??
On 16 August 2013, Certis CISCO Security Pte. Ltd. (" Certis CISCO" ) was allotted 1,000,000 voting units and DBS Bank Ltd. (" DBS Bank" ) was allotted 19,200,000 voting units in the placement tranche (" Placement Tranche" ) of the initial public offering (the " Offering" ) of Soilbuild Business Space REIT (" Soilbuild REIT" ).
As stated in the prospectus dated 7 August 2013 issued in connection with the Offering (" the Prospectus" ), Mr Lim Chap Huat has granted an over-allotment option (" the Over-Allotment Option" ) exercisable by DBS Bank (or any of its affiliates), in consultation with the Joint Bookrunners (as defined in the Prospectus), to acquire from Mr Lim Chap Huat up to an aggregate of 56,307,000 voting units at the Offering Price (as defined in the Prospectus), solely to cover the over-allotment of voting units (if any), subject to any applicable laws and regulations. Hence, DBS Bank is deemed to have an interest in the 56,307,000 voting units under the Over-Allotment Option.
Temasek does not have any direct interest in the voting units of Soilbuild REIT.
Temasek is reporting a deemed interest of 9.52% of the voting units of Soilbuild REIT which resulted from the transactions described above (collectively, the " Transaction" ). Immediately after the Transaction, Temasek's deemed interest comprises:-
(A) Deemed interest via DBS Bank: 9.39%
(i) DBS Bank is a wholly owned subsidiary of DBS Group Holdings Ltd (" DBSH" ).
(ii) Temasek has a more than 20% interest in DBSH, an
independently managed Temasek portfolio company.
(B) Deemed interest via Certis CISCO: 0.12%
(i) Temasek indirectly owns 100% of Certis CISCO, an
independently managed Temasek portfolio company.
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Total deemed interest of Temasek after the Transaction: 9.52%
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In deed, was trying to Q@lower (see today traded prices), no luck.
| Opened-0.715 | Closed-0.730 | +0.015c | +2.1% | Volume - 37,721,000 |
teeth53 ( Date: 18-Aug-2013 17:51) Posted:
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No gap up as computer matching show...prices may continue where it is left off.
Gap up liao lor.... huat liao...
teeth53 ( Date: 19-Aug-2013 08:02) Posted:
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Paya Lebar, Soilbuild reit....Huat huat...ARGH.
Pretty sure, BBs goes for long term as trading prices look attractive.
churnw ( Date: 18-Aug-2013 17:26) Posted:
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Thk infoshare for share info.....I'm trying my luck to vest in...Haapi for long term vested players, short term play. just leave it to BBs.
Might go even lower ...
SB REIT NAV is $ 0.80 , current price is trading below NAV
SB REIT 's NAV is $0.80 , current market price is more than 10% discount to NAV
Within 30 days, Citigroup, DBS and OCBC can still act
Stabilisation
In connection with the Offering, the Stabilising Manager (or
persons acting on behalf of the Stabilising Manager) may, in
consultation with the other Joint Bookrunners and at its discretion,
over-allot or effect transactions which stabilise or maintain the
market price of the Units at levels which might not otherwise prevail
in the open market. However, there is no assurance that the
Stabilising Manager (or persons acting on behalf of the Stabilising
Manager) will undertake stabilising action. Such transactions may
be effected on the SGX-ST and in other jurisdictions where it is
permissible to do so, in each case in compliance with all applicable
laws and regulations (including the SFA and any regulations
thereunder).
Such transactions may commence on or after the date of
commencement of trading in the Units on the SGX-ST and, if
commenced, may be discontinued at any time and shall not be
effected after the earlier of (i) the date falling 30 days from the
commencement of trading in the Units on the SGX-ST (ii) the date
when the Stabilising Manager (or any of its affiliates or other
persons acting on behalf of the Stabilising Manager) has bought on
the SGX-ST an aggregate of 56,307,000 Units representing not
more than 9.6% of the total number of Units in the Offering, to
undertake stabilising actions. (See ?Plan of Distribution ? Over-
Allotment and Stabilisation? for further details.)
Hi satans,
Hope to see u more in SJ, share n continue to contribute here too. Regardless good or bad oso can. Info is for sharing ur thought. thk
IPO-ing. what U should look out for...
Beside UOB and or UOB Kayhian. Prime Partner is also the premier source for IPO's and U can ask ur rich frens to offer a good packages.
satans ( Date: 17-Aug-2013 13:14) Posted:
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A brief comparism betweuoben Soilbuild Construction n Soilbuild reit..
Soilbuild Construction is managed by UOB as issue mgr n joint under is UOB n OCBC bank, while
Soilbuild REIT is manage by Citigroup Inc., DBS Group Holdings Ltd. (DBS) and OCBC.
teeth53 thot - leaving out UOB may leaving some players out and it first day trading rresponse went under water.
It's also due to bad mkt in Asian bourses trading in RED, following Dow droping more then 200 points.
Mkt is timing is important whereby IPO mgr cannot determine.
Isit a good time to collect..?.
wait... both reporter and editor FTs??? wah kao...
sillllyporeams not good enuff??? need them to cover up or down??
kan nii niah... )
x1uhu1 ( Date: 17-Aug-2013 17:51) Posted:
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Soilbuild Business Space REIT Drops in Debut: Singapore Mover
By Pooja Thakur
August 16, 2013
Soilbuild Business Space REIT (SBREIT), whose assets include business parks and industrial properties in Singapore, fell in the city-state?s biggest initial public offering since May, tracking declines in the broader market.
The shares opened at S$0.77 at 2 p.m. local time and dropped as much as 7.7 percent to S$0.72 compared with the IPO price of S$0.78 apiece. The REIT raised S$626.7 million ($494 million), offering 586.5 million units. Lim Chap Huat, co-founder of Soilbuild Group Holdings Ltd., the developer which partly owns the REIT, pledged to buy an additional 216.9 million units, according to a preliminary prospectus. The public offer was approximately 5.4 times subscribed, a company statement yesterday showed.
?I would attribute the decline to the market weakness today,? Tricia Song, an analyst at Barclays Plc in Singapore, said. ?Soilbuild had a decent response to the IPO.?
Stocks in Asia fell with Singapore?s benchmark Straits Times Index dropping as much as 1.3 percent, while bond risk rose after an unexpected drop in U.S. jobless claims fueled speculation the U.S. Federal Reserve will cut stimulus. Property trusts in the island-state face refinancing risks when borrowing costs rise, which may force them to sell assets or shares to boost their funding, Fitch Ratings said in March.
Soilbuild REIT?s initial portfolio holds seven properties, comprising two business park developments and five industrial projects, with a net leaseable area of about 3 million square feet.
Business Parks
Of the estimated S$928.8 million raised from the IPO, the units subscribed by Lim and a term loan facility, S$820.5 million will be used to pay for Solaris business park, Eightrium @ Changi Business Park, Tuas Connection and West Park BizCentral, the company said in a statement yesterday. Another S$84.8 million will go toward repaying existing private-trust debt and the balance for the payment of IPO-related costs and working capital.
REITs and business trusts were the biggest fundraisers in Singapore?s IPO market in the past year, according to data compiled by Bloomberg. Soilbuild REIT offers a dividend yield of 7.7 percent based on projections for fiscal 2014. That compares with an average yield of 3.24 percent for the Straits Times Index.
Citigroup Inc., DBS Group Holdings Ltd. (DBS) and Oversea-Chinese Banking Corp. managed the offering.
To contact the reporter on this story: Pooja Thakur in Singapore at pthakur@bloomberg.net
To contact the editor responsible for this story: Andreea Papuc at apapuc1@bloomberg.net
satans ( Date: 17-Aug-2013 15:51) Posted:
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a word of caution, if price still drops, then 100% sure confirm safe to short big big!!! huat ahhhhhhhhhhhhhhhh........ monday we will know.........
satans ( Date: 17-Aug-2013 15:51) Posted:
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Wow... monday sure gap up!!!! Read this... Lim Chap Huat into action... tjose useless 3 big bankers sure in trouble if they failed again...
Over 200millions he going to buy..
I cannot attach the file here... 7m shorts on friday hong kan liao!@!!!
Over 200millions he going to buy..
I cannot attach the file here... 7m shorts on friday hong kan liao!@!!!
satans ( Date: 17-Aug-2013 13:32) Posted:
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i very worried the 3 big banks give surprise big move on monday....... wat if suddenly big cheong up with 7m shorts on friday?
Blanchard ( Date: 17-Aug-2013 13:29) Posted:
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