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U dunno the story and u buy ??!?!
U are asking for it..
Maybe tmw will sell down to $0.29...
win_88 ( Date: 23-Nov-2009 20:38) Posted:
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eh..what happen ar??????
should i sell my MI-reit or hold on? i bought at 0.365..any experts can give me idea..dun really know wat happen to this counter lately....
All the resolution PASSED in the EGM...
Be prepared for massive dilution and sell down tomorrow morning....
Halt again !!!
Any news from those attended the EGM ?
Tomorrow EGM got a good show coming up. I wonder if Chris Clavert(ex CEO of MIREIT, CEO of CIT) will turn up.
As for the recapitalisation plan, it is good for many investors who bought at a price of between 0.20 to 0.40. It is early christmas for all.
Now as for CIT, they have their own recap problems next year. So it is interesting for them to raise the necessary funds for recap and bring down its gearing. I suspect they will do another rights issue as it is easier to raise funds through this mean.
They purchase 28mio at 0.40ea
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_D64C50476F75BB224825766B003326C0/$file/091111CITUseofProceeds.pdf?openelement
KiLrOy ( Date: 20-Nov-2009 19:24) Posted:
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http://cambridge.listedcompany.com/newsroom/20091120_160004_J91U_B9D8AE7DD3F416D748257674002BC69F.1.pdf
CITM has no financial arrangement for MI-REIT!!!! Purely talks, they have no plan as to how they are going to do the 'rescue'. And to know that they DO KNOW its also a conflict of interest if they are to be the manager for MI-REIT. The rush/urgency in which they have created made a false sense of this whole saga, 'poking' at the unitholders and merely want them to vote against the MI-REIT as. Do you feel this way?
I sense this is also a 'selfish motive or move' by CITM rather than for the major considration for the unitholders. Whether 'destructive values' to the current value due to the 28cts issued rights or, my guess is that they prob have bought their 10% avg at high price. If 10% of their holdings and couple of trading halts can turn the tide, this will be a joke. Perhaps MI-REITS should reconsider the value of the issue rights
If you bought it at high price mebbie 80 cts to a dollar in the early years, you would be against it too but if you got it 20 - 40 cts during mar to now this year, the issued rights is really attractive for short term gain.... : )
Not vested~
CAMBRIDGE INDUSTRIAL TRUST MANAGEMENT LIMITED
Cambridge Industrial Trust Management Limited (“CITM”), as manager of Cambridge Industrial Trust
(“CIT”), wishes to announce that the Monetary Authority of Singapore (“MAS”) has informed CITM that
MAS will not approve CITM being appointed as the manager of MI-REIT in view of potential conflicts
arising from the competing interests of unitholders in CIT and MI-REIT.
The only proposals being considered by CITM at present are contingent upon CITM being appointed
the manager of MI-REIT. CITM is continuing explore options that do not involve its being appointed
as manager of MI-REIT, and further announcement will be made as and when appropriate.
Notwithstanding the above, CIT still intends to vote against the resolutions to be considered at the
upcoming extraordinary general meeting of MI-REIT unitholders on 23 November 2009.
BY ORDER OF THE BOARD
CAMBRIDGE INDUSTRIAL TRUST MANAGEMENT LIMITED
(Company Registration No. 200512804G, Capital Market Services Licence No. 100132-1)
(AS MANAGER OF CAMBRIDGE INDUSTRIAL TRUST)
Chris Calvert
Chief Executive Officer
20 November 2009
I am still holding a small interest and am adopting a 'wait and see' strategy.
水至清则无鱼。
混（浑）水才可以摸鱼。 ^_^
BB-trader ( Date: 17-Nov-2009 14:22) Posted:
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kenkenken ( Date: 16-Nov-2009 22:43) Posted:
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soloman ( Date: 16-Nov-2009 20:28) Posted:
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