Stock Market Home Page Stock Markets Forum

Singapore stock market forum :: HangSeng, FTSE and Major NYSE markets liveindices - Technical analysis charts, candlestick, market news and all share markets forum chat. Major stock market news, stock ticker, stock quote and online stock trading forum.
It is currently January 17th, 2019, 8:08 pm

All times are UTC + 8 hours

Post new topic Reply to topic  [ 2 posts ] 
Author Message
PostPosted: June 22nd, 2011, 11:00 pm 
Offline VIP
User avatar

Joined: October 9th, 2008, 11:00 pm
Posts: 6985

Perennial China Retail Trust ("PCRT") is Singapore's first pure-play PRC retail development trust listed on the Main Board of the SGX-ST. The Trustee-Manager's key objective is to provide unitholders of PCRT with (i) long-term capital growth from a steady growth in net asset value through acquiring attractively-priced predominantly-retail development projects and the on-going value creation of PCRT's assets and (ii) regular distributions from the income of its completed and stabilised assets.

PCRT's initial property portfolio comprises five properties in Shenyang, Chengdu and Foshan, valued at approximately S$1.1 billion (approximately RMB5,898.0 million), which is expected to have an aggregate gross floor area of approximately 960,899.0 square metres.

PCRT is sponsored by Perennial Real Estate Pte. Ltd., a Singapore-registered company founded by retail real estate veteran Mr Pua Seck Guan. PCRT is managed by Perennial China Retail Trust Management Pte. Ltd., which will on listing be a joint venture majority-owned by the Sponsor, and with the remaining stakes held by Ace Best Holdings Limited, which is part of Nan Fung Group, and Asdew Acquisitions Pte Ltd.

PostPosted: September 12th, 2011, 7:44 am 
Offline VIP
User avatar

Joined: June 19th, 2009, 12:14 am
Posts: 2376
Published September 12, 2011

CEO Pua Seck Guan recorded his first on-market trades in retail development play Perennial China Retail Trust since the Reit was listed on June 9, with an initial 500,000 units purchased from Sept 7 to 8 at 51 cents each. The units bought represented 0.04 per cent of the issued capital. He also has deemed interest of 41.47 million units or 3.7 per cent. The acquisitions were made after the Reit fell by 9 per cent from 56 cents on Aug 16. The counter is also down since July from 65.5 cents. Not surprisingly, the CEO's purchase price was lower than the IPO price of 70 cents.

Also positive this year is Asdew Acquisitions Pte Ltd with 8.0 million units purchased on June 9 at 63 cents each, which boosted its direct holdings by 7 per cent to 120.2 million units or 10.7 per cent. Prior to that trade, the group acquired an initial 112.2 million units or 10.0 per cent via a cornerstone subscription agreement on May 11 at 70 cents each. The Reit closed at 51 cents on Friday.

'Kites rise highest against the wind; not with it' - Sir Winston Churchill

'A practitioner is not judged by the rigour of his logic or by the elegance of his presentation. He is judged by the results.' - Dr Goh Keng Swee


Most of our members are at the live stock market chat box now. It's totally free to join the chatbox. Read : Stock Trading Chatbox

Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 2 posts ] 

All times are UTC + 8 hours

Who is online

Users browsing this forum: No registered users and 4 guests

You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group