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Thanks ehclim ...
ehclim ( Date: 16-Oct-2017 23:28) Posted:
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Not necessary. The money will be credited into your bank account on 26 October likes you receive the dividends.
Orange2Roll ( Date: 16-Oct-2017 20:39) Posted:
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Hello... may I know have you received Acceptance Form from Croesus to sell your shares? Will there be one? Thanks.
$$$$$$$$ time to go for holiday
CROESUS RETAIL TRUST
Type : ENTITL.
Ex-Date : 11 Oct 2017
Record Date : 13 Oct 2017
Date Paid/Payable Particulars : 26 Oct 2017 TRUST SCHEME SGD 1.17
Type : ENTITL.
Ex-Date : 11 Oct 2017
Record Date : 13 Oct 2017
Date Paid/Payable Particulars : 26 Oct 2017 TRUST SCHEME SGD 1.17
Croesus sets last day of trading for Oct 10
Thu, Oct 05, 2017 - 6:24 PMOCT 10, 2017, will be the last day of trading for Croesus Retail Trust, the manager of the Japanese mall real estate investment trust announced on Thursday after the market closed.
Croesus, which is being taken private by Blackstone, will be suspended from Oct 11 onwards, and is expected to be delisted on Oct 27.
The timeline was set on Thursday when a court in Singapore sanctioned the scheme and the books closure date for the privatisation.
Too bad. I voted against it. Such a waste. Premium can be earned back in a few years. So much potential.
The unitholders have decided, have spoken. All must sell now, regardless of whether we like it or not, and must follow the majority,... this is the system of democracy !
So,... we must now hope for the funds to come back asap, so that we can buy,.............................................. new IPOs, Cromwell European REIT and KBS Realty !
So,... we must now hope for the funds to come back asap, so that we can buy,.............................................. new IPOs, Cromwell European REIT and KBS Realty !
As set out in the Scheme Document, Unitholders should note the following indicative timetable in relation to the Scheme:
Expected date of Court hearing of the application to : 2 October 2017 (1)
sanction the Scheme
Expected last day for trading of Units : 5 October 2017
Expected date of suspension of Units : 6 October 2017
Expected Books Closure Date : 10 October 2017 at 5.00 p.m.
Expected Effective Date : 11 October 2017 (2)
Expected date for the payment of the Scheme : By 23 October 2017 (3)
Consideration
Expected date for the delisting of Units : 24 October 2017
Notes:
(1) The date of the Court hearing of the application to sanction the Scheme will depend on the date that is allocated by the Court.
(2) If each of the Scheme Conditions is satisfied or, as the case may be, has been waived in accordance with the Implementation Agreement, the Scheme will come into effect on the date falling seven (7) Business Days after the last of the conditions precedent set out in Paragraphs 1, 2, 3 and 4 of Appendix H to the Scheme Document has been satisfied
or, as the case may be, waived in accordance with the Implementation Agreement.
(3) Assuming that the Effective Date is 11 October 2017
.
The above timetable is indicative only and may be subject to change. Please refer to future announcement(s) by the Trustee Manager and/or the SGX-ST for the exact dates of these events.
Blackstone' s acquisition of Croesus Retail Trust gets unitholders' nod
Wednesday, September 13, 2017 - 13:19PRIVATE equity fund Blackstone' s proposed acquisition of Japanese retail mall owner Croesus Retail Trust (CRT) has been approved by unitholders, CRT said.
As a result, the last trading day of the units is expected to be Oct 5, and the units are expected to be delisted on Oct 24.
The acquisition by way of a trust scheme is at S$1.17 in cash per unit.
CRT last traded at S$1.165 as at 1.13pm.
Now still got people buying and selling.🤑
Secret_Squirrel ( Date: 13-Sep-2017 10:47) Posted:
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Game over. Just wait to collect your money👌
Frankly,... I would look at the NK-Japan situation as it being a win-all OR a lose-all matter. If truely,... a bomb lands on Japanese soil, then the last thing that all of us need to worry abt would be our stocks investments. We would need to worrk about how to survive in a war. The conflict will involve all of us,...
If the above does not happen, then we need to continue worrying about where to get better returns. Croesus would be a very good source.
Hence, with the above reasoning, I' d try to continue holding CRT as much as I can till ' war breaks' out,....
If the above does not happen, then we need to continue worrying about where to get better returns. Croesus would be a very good source.
Hence, with the above reasoning, I' d try to continue holding CRT as much as I can till ' war breaks' out,....
Secret_Squirrel ( Date: 02-Sep-2017 14:25) Posted:
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SIAS presentation slides is available at SGX website posted on 30 Aug 2017.
Adjusted NAV as of 30 Jun 2017 is 98 cents.
46.7% debt maturing in FY2018.
Gearing 44.6% as of 30 Jun 2017.
Adjusted NAV as of 30 Jun 2017 is 98 cents.
46.7% debt maturing in FY2018.
Gearing 44.6% as of 30 Jun 2017.
ehclim ( Date: 03-Sep-2017 10:41) Posted:
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As usual, SIAS advised small retailed investors to take the offer. He adopted the fearmongering tactics of impending N Korea tension and high gearing without high-lighting that Creosus is a well managed retailed trust with internalisation and responsible manager. Also, without high-lighting that most of the Creosus assets have long WALE, ranging from 4.7 years to more than 10 years lease expiry period. High gearing from cheap loans from Japanese banks and interest rate will not escalate overnight. I don' t think that he had done his due diligence to adivse the unitholders. Probably he has no knowledge of the company background.
cohoko ( Date: 03-Sep-2017 09:42) Posted:
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Any update on the SIAS seminar?
Those who wish to proceed to accept can sell now for certainty - best to shake out these so the ones who want to vote No will succeed at the SOA. It will be a big fat slap in the face of the CF Advisors if they fail. Their necks are on the chopping block. Who told them to put in a predatory underpriced offer price. Pls remember there are very few listed REITs/BTs on SGX with largely freehold assets.
Secret_Squirrel ( Date: 02-Sep-2017 14:25) Posted:
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The gearing is high.
Japan is so near to North Korea.
With current developmemnt in North Korea, I hope the acquisition is successful.
Japan is so near to North Korea.
With current developmemnt in North Korea, I hope the acquisition is successful.
chengwh1 ( Date: 01-Sep-2017 09:57) Posted:
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Tq. Hence,... some actions I have put in-place to make this initiative more convenient and hassle-free for our unitholders,... ALL unitholders must be given a choice to vote, and must be made aware of ALL opportunities in-place to help them vote. NO need to go in-person if not feasible,....
I do hope the Scrutineers will do a FAIR job to ensure that the Chairman of the EGM does exactly what the ' mailed-in unitholders' wishes, and that NO completed Proxy Forms are lost !!!!!!!!! There must be records in-place if unitholders wish to verify,....
Please spread this news to the Investing Public everywhere.
I do hope the Scrutineers will do a FAIR job to ensure that the Chairman of the EGM does exactly what the ' mailed-in unitholders' wishes, and that NO completed Proxy Forms are lost !!!!!!!!! There must be records in-place if unitholders wish to verify,....
Please spread this news to the Investing Public everywhere.
pkli899 ( Date: 31-Aug-2017 16:06) Posted:
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Thanks. I shall vote "No" by proxy then.
chengwh1 ( Date: 31-Aug-2017 15:40) Posted:
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