AL-HADHARAH BOUSTEAD REIT
KLSE (MYR): BSDREIT (5124)
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Last Price
1.91
Today's Change
0.00 (0.00%)
Day's Change
0.00 - 0.00
Trading Volume
0
IPO Info
Offer Period
Opening
Closing
Time Table
Allotment Date
Listing Date
Price
Issue Price
-
Units
-
Share Capital
0.000
No of Shares
Public Issue
-
Offer for Sale
-
Private Placement
-
Issuing House
-
ISIN Code
-
Prospectus:
INITIAL PUBLIC OFFERING BY BOUSTEAD REIT MANAGERS SDN. BHD (90953-K)
AS THE MANAGER OF AL-HADHARAH BOUSTEAD REIT OF 220,000,000 NEW UNITS REPRESENTING UNDIVIDED INTEREST IN AL-HADHARAH BOUSTEAD REIT ("ISSUE UNIT") COMPRISING:-
i) 20,000,000 ISSUE UNITS MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC AT THE RETAIL PRICE OF RM0.99 PER ISSUE UNIT PAYABLE IN FULL UPON APPLICATION;
ii) 2,000,000 ISSUE UNITS MADE AVAILABLE FOR APPLICATION BY THE ELIGIBLE DIRECTORS AND EMPLOYEES OF BOUSTEAD REIT MANAGER SDN BHD, INVESTMENT COMMITTEE MEMBERS OF ALHADHARAH BOUSTEAD REIT, DIRECTORS AND EMPLOYEES OF BOUSTEAD ESTATES AGENCY SDN BHD AND THE DIRECTORS OF BOUSTEAD HOLDINGS BERHAD AND BOUSTEAD PROPERTIES BERHAD (COLLECTIVELY THE PROMOTERS OF THE AL-HADHARAH BOUSTEAD REIT), AT THE RETAIL PRICE OF RM0.99 PER ISSUE UNIT PAYABLE IN FULL UPON APPLICATION; AND
iii) 198,000 ,000, ISSUE UNITS MADE AVAILABLE FOR APPLICATION BY INSTITUTIONAL AND SELECTED INVESTORS AT THE INSTITUTIONAL PRICE OF RM1.05 PER ISSUE UNIT PAYABLE IN FULL UPON APPLICATION,
IN CONJUNCTION WITH THE LISTING OF AL-HADHARAH BOUSTEAD REIT ON THE MAIN BOARD OF BURSA MALAYSIA SECURITIES BERHAD
ALHADHARAH-NoticeOfProspectus (14KB).pdf
ALHADHARAH-Cover-InsideCover (1.7MB).pdf
ALHADHARAH-InformationOnAlHadharah-FinancialInfo (1.4MB).pdf
ALHADHARAH-AddInfo-Approval-SalientTerm-ApplicationProcedures (611KB).pdf
Discussions
2 people like this. Showing 20 of 20 comments
Sudden surge of 7cents is really a lot for REITS counter.
Just wondering what are the good announcement ahead.....
2012-07-12 17:32
Too much $$$ in the banking system, US QE coming, Investor just go for safe haven. DY was driven down and down....
2012-07-13 10:44
Boustead: To buy back its plantation REIT. Al-Hadharah Boustead REIT will be
taken private by its parent company, Boustead Holdings Bhd, making it the first
REIT in the country to be privatised, according to sources. They speculated that
the possible rationale for the exercise was the illiquid nature of Al-Hadharah's
shares and that Boustead would justify its exercise as being an opportunity for
shareholders to get a cash payout above what the market was valuing the asset.
The announcement of the takeover would be made soon, the sources added.
Affin Investment Bank Bhd would be handling the privatisation. (Source: The Star
Daily)
2013-07-15 09:43
The Board of Directors of Boustead REIT Managers Sdn Bhd (“Manager”) wishes to announce that it has today received a letter dated 16 July 2013 (“SUR Proposal Letter”) from Boustead Plantations Berhad (“BPB”), a major unitholder of the Fund, requesting the Manager to undertake the following corporate exercises:
(i) proposed amendment to the relevant clauses in the trust deed dated 11 December 2006 (amended and restated on 3 September 2009) (“Trust Deed”), executed between CIMB Islamic Trustee Berhad (“Trustee”) and the Manager, constituting the Fund to allow the following:
the implementation of the Proposed SUR (as defined below); and
the conversion of the Fund to a private trust which sole beneficiary shall be BPB.
(collectively referred to as “Proposed Amendment”);
(ii) proposed selective unit redemption exercise, involving the redemption of all undivided interest in the Fund as constituted by the Trust Deed (“Units”) held by the Fund’s unitholders (save and except for the Units held by BPB) and the corresponding cash repayment of RM1.90 per Unit to the Fund’s unitholders (excluding BPB) (“Proposed SUR”); and
(iii) proposed special dividend of RM0.20 per Unit to all unitholders (including BPB) of the Fund (“Special Dividend”).
(the Proposed Amendment, Proposed SUR and Special Dividend are collectively referred to as the “Proposals”).
The cash payment under the Proposed SUR and the Special Dividend will collectively amount to RM2.10 per Unit.
The Board of Directors of the Manager, save for the Interested Directors (as defined in Section 6 of the SUR Proposal Letter), will deliberate on the Proposals and decide on the next course of action.
Further announcement(s) on the above matter will be made in due course.
Please refer to the attached SUR Proposal Letter for further information on the Proposals.
2013-07-16 22:08
hmmm... dont really get it... privatization offer is at RM2.1 but closing price toda is at RM2.01 (~4.4% discount). Why ?
2013-07-22 23:43
For those who hold thi share at least your money is secure. just wait
2013-08-26 15:53
Converting from a public REIT to a private trust can have both advantages and disadvantages for unitholders.
https://tunnelrush3.com
2024-05-24 00:58
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