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Showing posts with the label Rights Issue

CapitaLand 3.0 – Asia Largest ( Rights or No Rights ?)

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image credit to edgeprop.sg Guess this is the hottest business news headlines since the announcement made last week : CapitaLand buying Temasek unit Ascendas-Singbridge in $11b deal While everyone seems excited about how it will transform CapitaLand -> CapitaLand 3.0 to be one of the Asia largest real estate group and world No.9 in term of AUM, with 8 listed REITs entity on SGX.

Renounceable vs Non-renounceable Rights Issue ( Edited )

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< Edited : 17 May 2018> Wow! another Non-renounceable Preferential Offering from Manulife US REIT ( here ) "The Issue Price of US$0.865 per New Unit represents a discount of approximately 7.9% to the volume-weighted average price of US$0.9391 per Unit for trades in the Units done on Singapore Exchange Securities Trading Limited (the “SGX-ST”) for the full Market Day on 15 May 2018." I still prefer the previous rights of "UNDERWRITTEN AND RENOUNCEABLE RIGHTS ISSUE, a  21.6% discount " ... but it seems that the " Non-Renounceable Rights " will be the new trend now. ... image credit to mrbachelorinvestment.blogspot.com < First published : 14 May 2018 > Recently, it seems that more and more companies are choosing to issue “ Non-renounceable Rights ” in an equity fundraising activities instead of “ Renounceable Rights “ . My friend “ B “from “ A Path to Forever Financial Freedom (3Fs) had just written a good ...

A Tale of Two AGMs ( Fraser Commercial REIT vs Fraser Hospitality Trust )

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Attended Fraser Commercial Reit AGM this morning (in spite of the heavy downpour, the turn up was quite good ) and also Fraser Hospitality Trust AGM last Thursday. image credit to biztreemgmt.com From time to time, I did attend the company’s AGM and try to get some insight into what’s going on in the company, especially if there are any particular issues which I think there might be important to know or get views from other fellow investors while trying to get the answer from management.
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