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APL Japan Trust
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des_khor
Supreme |
09-Nov-2007 23:58
Yells: "Tell me who is the God or MFT from this forum??" |
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Tell the japanese balik kampung !!! |
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Pinnacle
Master |
09-Nov-2007 23:50
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Wait kana like Saizen. Wise business move. Timing is very important. |
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zhuge_liang
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09-Nov-2007 23:27
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Tokyo-based Asia Pacific Land Trust (APL Japan Trust) said it has postponed a planned IPO on concerns the share price will drop after listing. APL's decision comes after a disastrous market debut by Saizen Reit, which fell 14% on its debut on Fri. APL, which owns 9 properties in Japan, had planned to raise as much as $515 million through an offer of 411.9 million units at $1.05 to $1.25 apiece, according to a prospectus posted last month. "There is a risk of post-listing price weakness as a result of negative market sentiment," said APL CEO David Tan in a statement. "Weakness in APL Japan Trust's unit price post listing would raise its cost of capital and make growth by acquisition more challenging," he added. A source involved in the listing said APL had attracted sufficient demand to sell the units within the original price range, but chose to drop the listing so as not to upset investors. Since APL started marketing its units last month, the price of Japanese-listed REITs had fallen about 12%, he added. |
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Nostradamus
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21-Oct-2007 22:49
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APL Japan Trust lhas odged a prospectus with MAS, making it the 2nd Japan-based Reit to seek a listing on SGX this month. APL Japan Trust will offer 391.32m units to institutional and other investors and 20.59m units to the public here at US$1.05-US$1.25 per unit. Based on the target price, it hopes to raise US$432.5m-US$514.9m. JPMorgan and Lehman Brothers International are joint global coordinatorsand joint bookrunners, while UOB Asia is the international co-lead manager andcoordinator of the public offer. The Reit sponsor, Asia Pacific Land, is a Japanese real estate company that has assets of over 100bn yen ($1.26bn) under management and development projects totalling 159,000 m2 across Japan. APL Japan Trust will comprise 9 commercial buildings with appraised value of US$838.8m, primarily for retail use. The prospectus forecasts initial distribution yield of 4.34-5.16% per unit and cash distribution growth of about 7%. The Reit also has right of first refusal to 5 acquisition and development pipeline platforms, including 4 existing pre-stabilised assets in APL Group spanning 95,000 m2, as well as projects under development of about 61,000 m2. |
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