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better be good haaaa, but ai ya, why they act so generous to go give ppl incentive during this period....
OngBak ( Date: 04-Sep-2020 09:23) Posted:
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Nothing. Unless u know what's the LIM's next course of actions. Cheers
raykee ( Date: 04-Sep-2020 08:55) Posted:
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what does this means?
https://links.sgx.com/FileOpen/SBREIT_Holding%20announcement.ashx?App=Announcement& FileID=630548
https://links.sgx.com/FileOpen/SBREIT_Holding%20announcement.ashx?App=Announcement& FileID=630548
Worst they may use reit and bail out the distress asset under sponsor...
fed up.... went in at IPO, now become like that kns.... i dun understand why not just enforce the rental on those tentants.... they sign the contract for a duration, during this period how can suka suka reduce rent and we now all suffer?
Could be consolidation. SB REIT too small. Maybe propose to merge with another REIT.
still halted ...
Wow, buyout by founder family?? It is under value now below their NAV...
Or non profit asset injections?
Or non profit asset injections?
Founder family bought a lot a shares last year around $0.5 now they owns more than 34% of total shares. I bought some when many investors dumping. Hope for the best.
pinkelephant ( Date: 01-Sep-2020 17:27) Posted:
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No announcement news....halt maybe due to share price error issues.
I suspect is a positive news, the share price up for 10% for the past 2 days.
cobrajr ( Date: 01-Sep-2020 16:20) Posted:
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Halt today, any news??
Soilbuild Reit sells Loyang property for S$33.1m
WED, APR 15, 2020 - 9:35 AM | UPDATED WED, APR 15, 2020 - 10:15 AM
SOILBUILD Business Space Reit (Soilbuild Reit) on Tuesday said it has completed the divestment of its property at 72 Loyang Way and the mechanical and electrical equipment within, for about S$33.1 million.
The purchaser is an unrelated third party, Kim Hock Enterprise.
In its results announcement in January, Soilbuild Reit noted that the Loyang property contributed to lower revenue for the fourth quarter. This was due to the absence of non-recurring liquidation proceeds from Technics Offshore Engineering of about S$3.3 million and weighed on gross revenue, which fell 11.5 per cent to S$22.8 million.
As a result, the Reit' s fourth-quarter distribution per unit fell 36.3 per cent to 0.925 Singapore cent, from 1.451 cents a year ago. For the three months ended Dec 31, 2019, distributable income also slipped 24.1 per cent to S$11.7 million.
With a total net lettable area of 171,293 square feet, the property at 72 Loyang Way is an integrated facility comprising two blocks of three-storey and four-storey ancillary office, two high ceiling single-storey production facilities, a blasting and spray painting chamber, a working dormitory and a jetty with 142 metres of sea frontage.
It is situated on a number of JTC leasehold estate land titles that collectively expire on March 20, 2038, with a remaining tenure of 19 years as at March 21, 2019, when the divestment was first announced.
The property was independently valued by Colliers International Consultancy & Valuation at S$34 million on Dec 31, 2018, and the initial consideration for the deal was about S$34.1 million.
The sale consideration was subsequently revised to S$33.1 million, after there was a further extension for obtaining JTC' s final approval for the proposed divestment.
Soilbuild Reit previously noted that net proceeds from the divestment may be used to fund new acquisitions, repay debt, finance any capital expenditure and asset enhancement works, capital distribution, and/or to finance general corporate and working capital requirements.
According to the Reit manager, the divestment will unlock and release capital back to Soilbuild Reit. It also cited " prolonged weakness in the marine offshore and oil & gas sector" and that it was challenging to find a suitable replacement tenant as some reasons for the divestment.
As at 9.19am on Wednesday, units in Soilbuild Reit were trading at S$0.38, up S$0.01 or 2.7 per cent.
https://www.businesstimes.com.sg/companies-markets/soilbuild-reit-sells-loyang-property-for-s331m
Soilbuild better find some other reit to merge HAHAHA
TANPK123 ( Date: 23-Jan-2020 18:48) Posted:
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Today all also drop... Haha.
Know-Your-Stuff ( Date: 23-Jan-2020 17:46) Posted:
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Because of a very lousy CEO. Time to change to a more capable CEO, like Sabana. Then the price will stop dropping. Even declare dividend, price also can drop, unbelievable. No wonder named by the edge as the worst reit in SG.
NoDanger888 ( Date: 09-Jan-2020 22:23) Posted:
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Very lousy reit
TANPK123 ( Date: 19-Nov-2019 23:19) Posted:
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Any news coming
enlarge share capital, hence subsequent dpus will be affected, so pple just dump.
TANPK123 ( Date: 06-Nov-2019 14:38) Posted:
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Anyone know what's going on. Why dropping non stop.