On 11 October 2023, UOBKH, had on behalf of the Board, announced that Hektar REIT intended to undertake a private placement of up to 20% of the total number of issued units of Hektar REIT pursuant to the Authority granted by unitholders at the AGM dated 6 April 2023 ("Previous Proposed Private Placement").
After due deliberation on Hektar REIT's funding requirements, the Board has decided to revise the structure of the Proposed Private Placement to entail an issuance of up to 15% of the total number of issued units of Hektar REIT to third party investor(s) at an issue price to be determined later.
Further details of the Proposed Private Placement are set out in the attachment enclosed.
The issue price of the Placement Units is assumed to be RM0.55 each, which represents a discount of approximately 9.20% to the 5D-VWAMP of Hektar REIT Units up to and including the Revised LPD of RM0.61.
Based on the illustrative issue price of RM0.55, the Proposed Private Placement is expected to raise gross proceeds of up to RM41.71 million.
UOBKH wishes to announce that the Board had on 5 December 2023 resolved to fix the issue price for the Private Placement at RM0.56 per Placement Unit.
The issue price of RM0.56 per Placement Unit represents a discount of 9.14% to the 5-day volume weighted average market price of Hektar REIT units up to and including 4 December 2023, being the last traded day of Hektar REIT units immediately preceding the price-fixing date, of RM0.6163 per Hektar REIT unit.
Noticed at Subang Parade already upgrading the downlights on the upper floors. Much brighter and according to the technicians there it is a lot more efficient. Also they mentioned they are using only PHILIPS for all their malls as ESG is a major concern for them.
Hektar Real Estate Investment Trust (Hektar REIT) issued five-year medium-term notes (MTNs) worth RM215m — the first issuance under Hektar MTN Satu Sdn Bhd's MTN programme of up to RM500m in nominal value. The MTNs have a coupon rate of 4.2% per annum and are guaranteed by Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank. Proceeds from the guaranteed MTNs will be used to refinance existing borrowings and fund the REIT's capital expenditure and asset enhancement initiative for Subang Parade.
Less established and suburban malls did not fare as well compared to prime counterparts. YoY, the 21% drop in Hektar’s distributable income was mainly attributed to the increase in finance cost and negative rental reversion in FY22.
HEKTAR +3.65%. This year's new high. No published news in Bursa nor reported here. Thanks to HEKTAR plus 20 other green stocks offsetting 15 red stocks, my portfolio made new all time high again today! Thank-you Mr Market!
HEKTAR closed strongly at 72 sen. Thanks to HEKTAR and 24 other green stocks offsetting red, my portfolio made new all time highs again today - that's 12 times in May alone. What an amazing month. Thank-you HEKTAR and thank-you Mr Market!
hing not right for this counter, 1. Most of the mall counter like CMLT show good result during Holiday session but not this ctr. 2. Purchase additional business "School" did not see any improvement in profits. 3. The additional 20% private placement did not bring any positive value to current shareholders. 4. Compare to last years the result and distributable $$ is obviously declining while all sectors are recovering/performing, especially the tourism and mall.
May be MACC need to check the accounting .......hehehe...................
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
11wenhao11
375 posts
Posted by 11wenhao11 > 2023-11-03 10:10 | Report Abuse
Tap in a bit at 61 cents as expect it will deliver good q3