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Sime Darby Property to proceed with Saizen Reit reverse takeover
OCT 10, 2016 Â 7:05 PM
SIME Darby Property Singapore will have its Australian assets injected in Saizen Real Estate Investment Trust (Reit) through a backdoor listing, Saizen Reit said on Monday.
Saizen Reit will acquire the properties for A$356 million (S$371 million). The properties comprise 20 industrial properties located in Australia, with 18 properties in Queensland and two properties in the Northern Territory, with a total land area of approximately one million square metres.
The latest announcement follows discussions first made public in August.
Can some kind souls advise my mum has 1000 saizen reits b4 the cash distributions now is being reduced to how many shares..she never keep track of her records from SGX..pls help
Saizen REIT down as initial pact with Sime Darby lapses
By PC Lee / theedgemarkets.com.sg  | October 3, 2016 : 4:37 PM MYT  Â
SINGAPORE (Oct 3): Saizen Real Estate Investment Trust fell as much as 37.3% on Monday, after it says talks with diversified Malaysian group Sime Darby hasn&rsquo t led to a deal, but that discussions between the parties continue.
In August, the Japan-focused real estate firm said it has entered into an initial deal with Sime Darby, which would have led to a reverse takeover of the trust by the Malaysian plantation-to-property conglomerate.
As part of the proposed deal, Saizen was supposed to buy Sime Darby' s industrial properties in Australia.
The initial agreement has lapsed, Saizen said in a stock exchange filing over the weekend.
It adds that the talks are still on and if the parties are able to resolve outstanding matters, then a final pact will be signed.
Saizen units are trading 25.4% lower at 4 cents while the Straits Times Index is up 0.1%.
The price still holding well and upside potential is there.
treetops ( Date: 02-Sep-2016 15:03) Posted:
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Not much volume today
Coming to action soon...
once 6cent clear...it be explosive
I mean before or during CD and before XD.
treetops ( Date: 01-Sep-2016 12:43) Posted:
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Yup, it should be if you got it before CD and hold till XD.
sridharps7 ( Date: 01-Sep-2016 12:07) Posted:
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Hi treetops, in this case, those who invested earlier will get back.075 per share?
Back to normal is impossible.
It sort of capital reduction, company selling off asset and distribute money back to investor.
So in the end may left with empty shell company but with some capital in place and the network link.
So some company may bought it over for a qucik start up and rebrand the company.
Hope my explaination is correct. Correct me if i' m wrong. =P
fritopower ( Date: 01-Sep-2016 10:13) Posted:
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wow, which means to say, after the special div, the prices will be average out and back to normal?
Imageyou paying for 0.05x for company with property network around still worth the sum.
It may price high cos i think due to RTO.
It give out around $1.1593 recently. This is the 2nd round already...
nngeeh ( Date: 01-Sep-2016 10:06) Posted:
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It didn' t drop .... it went up instead.
Closing yesterday: 0.129
Today: 0.058 + 0.075 (Special Div) = 0.133 (Today is XD)
fritopower ( Date: 01-Sep-2016 09:58) Posted:
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Giving out $0.075. XD today so price drop. Looking at the RTO, still worth to buy
fritopower ( Date: 01-Sep-2016 09:58) Posted:
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wow, what' s with the sudden sharp decrease?
is it worth to buy since the capital distribute is 0.075?
Wah, this one keep giving out $$$
0.128 still consider very cheap
Capital distribution opf $0.075.Last day cum-dev 31st August 2016.
Mathematically there should be no difference in Cums and Exs. But the theoretical ex-prices of most major adjustment are usually higher than the cum-prices :)
Worth to take a look!