CMMT - PUT OPTION OVER GURNEY PLAZA EXTENSION
Announcement Type: General Announcement
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Company Name: CAPITAMALLS MALAYSIA TRUST
Stock Name: CMMT
Date Announced: 05/07/2010
Announcement Detail:
Type: Announcement
Subject: PUT OPTION OVER GURNEY PLAZA EXTENSION
Contents: NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA OR JAPAN.
Reference is made to CapitaMalls Malaysia Trust's ("CMMT") prospectus issued on 28 June 2010 ("Prospectus"). CapitaMalls Malaysia REIT Management Sdn. Bhd. (formerly known as CapitaRetail Malaysia REIT Management Sdn. Bhd.) (the "Manager"), the manager of CMMT, wishes to provide an update of certain events which have occurred following the issue of the Prospectus. This announcement is to be read together with the Prospectus. Unless otherwise defined, terms defined and used in the Prospectus shall have the same meaning when used in this announcement.
As set out in section 5.3.5 of the Prospectus, Gurney Plaza Sdn. Bhd. ("GPSB") has been granted a put option by CapitaRetail Gurney Sdn. Bhd. ("CapitaRetail Gurney"), a wholly owned subsidiary of CapitaMalls Asia Limited ("CMA"), the sponsor of CMMT, with respect to the nine storey retail extension block adjoining Gurney Plaza owned by GPSB ("Gurney Plaza Extension"). Gurney Plaza Extension commenced operations in November 2008 and has a tenant mix which differs from but complements the more established Gurney Plaza.
The Manager wishes to announce that GPSB has exercised the put option to require CapitaRetail Gurney to purchase and complete the acquisition of Gurney Plaza Extension and certain car park bays for an aggregate purchase consideration of RM215,000,000, by no later than 15 April 2011. CMA will be granting CMMT a right of first refusal to acquire Gurney Plaza Extension after the finalisation of all the terms and conditions of the acquisition.
As disclosed in section 12.2.1 (ii) of the Prospectus, CMA has on 10 June 2010, undertaken to the Manager and the Trustee, that a right of first refusal ("ROFR") in respect of the acquisition of Gurney Plaza Extension will be granted to CMMT. As required under the terms of the ROFR, CMA will offer CMMT the first right to acquire Gurney Plaza Extension. When offered, the Manager will evaluate the offer and will only make a recommendation after it has taken into consideration various relevant factors, including pricing, mode of financing, whether the acquisition is expected to be yield accretive to CMMT and whether CMMT can complete the acquisition of Gurney Plaza Extension by 15 April 2011, among others. In the event the ROFR is exercised by CMMT, the acquisition of Gurney Plaza Extension will be subject to an independent valuation being conducted on Gurney Plaza Extension and the approval of the Securities Commission and other relevant authorities, if required. CMMT will also seek unitholders' approval to acquire Gurney Plaza Extension if the Manager recommends the acquisition. It will not acquire Gurney Plaza Extension unless it is expected to be yield accretive for CMMT, or unless otherwise approved by unitholders.
CMMT will have the option to purchase and complete the acquisition of Gurney Plaza Extension by 15 April 2011 or subsequently, if a CMA related entity wishes to sell it.
CMMT will make further announcements in due course upon any material developments in relation to the ROFR pertaining to Gurney Plaza Extension.
This announcement is released by CIMB Investment Bank Berhad and Maybank Investment Bank Berhad as Joint Principal Advisers, as named in the Prospectus.
These materials are not for publication or distribution, directly or indirectly, in or into the United States. These materials are not an offer of securities for sale into the United States, Canada or Japan. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as such term is defined in Regulation S under the Securities Act), except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Company Name: CAPITAMALLS MALAYSIA TRUST
Stock Name: CMMT
Date Announced: 05/07/2010
Announcement Detail:
Type: Announcement
Subject: PUT OPTION OVER GURNEY PLAZA EXTENSION
Contents: NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA OR JAPAN.
Reference is made to CapitaMalls Malaysia Trust's ("CMMT") prospectus issued on 28 June 2010 ("Prospectus"). CapitaMalls Malaysia REIT Management Sdn. Bhd. (formerly known as CapitaRetail Malaysia REIT Management Sdn. Bhd.) (the "Manager"), the manager of CMMT, wishes to provide an update of certain events which have occurred following the issue of the Prospectus. This announcement is to be read together with the Prospectus. Unless otherwise defined, terms defined and used in the Prospectus shall have the same meaning when used in this announcement.
As set out in section 5.3.5 of the Prospectus, Gurney Plaza Sdn. Bhd. ("GPSB") has been granted a put option by CapitaRetail Gurney Sdn. Bhd. ("CapitaRetail Gurney"), a wholly owned subsidiary of CapitaMalls Asia Limited ("CMA"), the sponsor of CMMT, with respect to the nine storey retail extension block adjoining Gurney Plaza owned by GPSB ("Gurney Plaza Extension"). Gurney Plaza Extension commenced operations in November 2008 and has a tenant mix which differs from but complements the more established Gurney Plaza.
The Manager wishes to announce that GPSB has exercised the put option to require CapitaRetail Gurney to purchase and complete the acquisition of Gurney Plaza Extension and certain car park bays for an aggregate purchase consideration of RM215,000,000, by no later than 15 April 2011. CMA will be granting CMMT a right of first refusal to acquire Gurney Plaza Extension after the finalisation of all the terms and conditions of the acquisition.
As disclosed in section 12.2.1 (ii) of the Prospectus, CMA has on 10 June 2010, undertaken to the Manager and the Trustee, that a right of first refusal ("ROFR") in respect of the acquisition of Gurney Plaza Extension will be granted to CMMT. As required under the terms of the ROFR, CMA will offer CMMT the first right to acquire Gurney Plaza Extension. When offered, the Manager will evaluate the offer and will only make a recommendation after it has taken into consideration various relevant factors, including pricing, mode of financing, whether the acquisition is expected to be yield accretive to CMMT and whether CMMT can complete the acquisition of Gurney Plaza Extension by 15 April 2011, among others. In the event the ROFR is exercised by CMMT, the acquisition of Gurney Plaza Extension will be subject to an independent valuation being conducted on Gurney Plaza Extension and the approval of the Securities Commission and other relevant authorities, if required. CMMT will also seek unitholders' approval to acquire Gurney Plaza Extension if the Manager recommends the acquisition. It will not acquire Gurney Plaza Extension unless it is expected to be yield accretive for CMMT, or unless otherwise approved by unitholders.
CMMT will have the option to purchase and complete the acquisition of Gurney Plaza Extension by 15 April 2011 or subsequently, if a CMA related entity wishes to sell it.
CMMT will make further announcements in due course upon any material developments in relation to the ROFR pertaining to Gurney Plaza Extension.
This announcement is released by CIMB Investment Bank Berhad and Maybank Investment Bank Berhad as Joint Principal Advisers, as named in the Prospectus.
These materials are not for publication or distribution, directly or indirectly, in or into the United States. These materials are not an offer of securities for sale into the United States, Canada or Japan. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as such term is defined in Regulation S under the Securities Act), except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.
ABFMY1 - ABF Malaysia Bond Index Fund - Valuation Point as at 2-07-2010
Announcement Type: General Announcement
Company Name: ABF MALAYSIA BOND INDEX FUND
Stock Name: ABFMY1
Date Announced: 05/07/2010
Announcement Detail:
Type: Announcement
Subject: ABF Malaysia Bond Index Fund - Valuation Point as at 2-07-2010
Contents: Fund: ABF Malaysia Bond Index Fund
NAV per unit (RM): 1.0665
Units in circulation (units): 481,921,800
Manager's Fee (% p.a.): 0.10
Trustee's Fee (% p.a.): 0.07
License Fee (% p.a.): 0.018
iBoxx ABF Malaysia IIndex: 1.2724
Issue Price (RM): 1.07
(rounded to nearest Sen)
For details of the In-Kind Creation/Redemption Basket, please refer to the attachment:
Attachments: ABF Valuation Point as at 2 July 2010.xls
Company Name: ABF MALAYSIA BOND INDEX FUND
Stock Name: ABFMY1
Date Announced: 05/07/2010
Announcement Detail:
Type: Announcement
Subject: ABF Malaysia Bond Index Fund - Valuation Point as at 2-07-2010
Contents: Fund: ABF Malaysia Bond Index Fund
NAV per unit (RM): 1.0665
Units in circulation (units): 481,921,800
Manager's Fee (% p.a.): 0.10
Trustee's Fee (% p.a.): 0.07
License Fee (% p.a.): 0.018
iBoxx ABF Malaysia IIndex: 1.2724
Issue Price (RM): 1.07
(rounded to nearest Sen)
For details of the In-Kind Creation/Redemption Basket, please refer to the attachment:
Attachments: ABF Valuation Point as at 2 July 2010.xls
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