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Sponsor build more logistic properties in Japan..
Good news for Mapletree Logistic Trust???
Sponsor build then sell to MLT to unlock yield...
Mapletree Investments signs MOU with Japan's ITOCHU Corp
Posted: 06 December 2009 2157 hrs
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SINGAPORE: Mapletree Investments has signed a Memorandum of Understanding (MOU) on a joint venture with Japan's ITOCHU Corporation to undertake "Build-to-Suit" development projects for logistics tenants in Japan.
The companies agreed to extend their collaboration on investment and development of logistics, retail, industrial and commercial real estate projects in Japan, Singapore and the rest of Asia.
The extension of this strategic alliance for a further two years was done through another MOU.
This is the second extension of the MOU, which was first signed in October 2005 to collaborate in logistics real estate and extended in November 2007 through a Supplemental MOU (SMOU), in order to expand the scope of collaboration.
Mr Hiew Yoon Khong, CEO, Mapletree said: "We are delighted to continue our mutually successful and enriching partnership with ITOCHU. The October 2005 MOU and November 2007 SMOU facilitated Mapletree's entry into the logistics real estate market in Japan.
"Through our collaboration with ITOCHU, Mapletree has been able to establish its footprint in the logistics real estate market in Japan with the acquisition of seven logistics assets in Japan, worth a total of S$571 million.
"ITOCHU is also now an investor in our Mapletree Industrial Trust (MIT) which holds the S$1.7 billion industrial assets privatised by JTC Corporation."
- CNA/sc
ANNOUNCEMENT
DETAILS OF ADVANCED DISTRIBUTION IN CONNECTION WITH MAPLETREE
LOGISTICS TRUST PRIVATE PLACEMENT
Further to its announcement dated 9 November 2009, where notice of Books Closure Date for
an Advanced Distribution (in connection with the private placement of 115,000,000 new units
(“the
period from 1 October 2009 to 17 November 2009 was given, the Board of Directors of
Mapletree Logistics Trust Management Ltd., in its capacity as the Manager of MapletreeLog
(the
Distribution is at 0.75 cents per unit, comprising a taxable income component of 0.49 cents
per unit, a tax exempt income component of 0.16 cents per unit and a capital component of
0.10 cents per unit.
Unitholders whose securities accounts with The Central Depository (Pte) Limited were
credited with units in MapletreeLog as at 5.00 pm on 17 November 2009 will be entitled to the
Advanced Distribution, which will be paid on
avoidance of doubt, the new units issued under the Private Placement will not be entitled to
the Advanced Distribution.
For further details relating to declaration for Singapore Tax purposes concerning the
Advanced Distribution, please refer to the announcement dated 9 November 2009. Should
unitholders require any clarification, please contact:
Ms Nupur Joshi
Investor Relations Manager
Tel: +65 6377 6493
Email:
“Private Placement”)) for Mapletree Logistics Trust (“MapletreeLog”) relating to the“Manager”), is pleased to announce that the finalised total quantum of the AdvancedThursday 24 December 2009. For thenupur.joshi@mapletree.com.sgOr visit MapletreeLog’s website at www.mapletreelogisticstrust.com
The next distribution will be for the period from 18 November 2009 to 31 December 2009.
Quarterly distributions will resume thereafter.
By Order of the Board
Wan Kwong Weng
Joint Company Secretary
Mapletree Logistics Trust Management Ltd.
(Company Registration No. 200500947N)
As Manager of Mapletree Logistics Trust
26 November 2009
well...this burger has potential lah! but it takes time! :P with recovery on the track though a slow one...this burger stands a chance! :D
but been sideway...can some1 SHORT big or BUY up big? else hard to play leh :P
Zelphon ( Date: 19-Nov-2009 11:19) Posted:
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Mapletree Log under heavy consolidation in the price range of $0.71 ~ $0.72 for the past 7 trading days..
Going to shoot soon...
Seems like since morning gap down, the price has been held steady at $0.705 ~ $0.710..
And the volume is so high !!!!
I guess the ppl buying are the LONGIST and the ppl selling are the SHORTIST...
Nonetheless, I still believe in this counter and will continue to hold..
=)
jeremyow ( Date: 10-Nov-2009 11:42) Posted:
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nickyng ( Date: 10-Nov-2009 10:25) Posted:
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too many fund raising
people get fed up and walk away
this guy actually considered another rights issue but back off knowing it will not be well received
that why
Anyone know what is the below abt??
"Advanced distribution of approximately 0.74 to 0.76 cents per unit for the period from 1 October 2009 to the day immediately prior to the date on which the new units in MapletreeLog in connection with the private placement are issued. "
Does it means existing shareholders get the extra 0.74 cts to 0.76 cts DPU before the new units are traded??
This means the yield will be increased quite a bit prior to the trading of the new units???
Sianzzzz...
Private placement at 69 cts ~ 71 cts..
Once trading halt lifted, will it gap down??
YES !!
GOOD NEWS !!!
Mapletree acquired a new property without equity fundraising from shareholders..
Increased DPU of $0.04.... !!!
MAPLETREE TRADING HALT !!!!
Acquisition news???
I hope is gd news...