HWZ Forums

Login Register FAQ Mark Forums Read

NetLink Trust *Official* (SGX:CJLU)

Like Tree81Likes
Share This Page
HardwareZone.com on Facebook
Reply
 
LinkBack Thread Tools
Old 27-06-2017, 08:24 PM   #1
Greater Supremacy Member
 
mrclubbie's Avatar
 
Join Date: Oct 2008
Posts: 83,909
NetLink Trust *Official* (SGX:CJLU)

NetLink Trust to raise up to S$2.63 billion in July IPO; largest listing since HPH Trust

http://www.straitstimes.com/business...ince-hph-trust

SINGAPORE - Singtel's fibre broadband unit NetLink Trust has lodged a preliminary prospectus for a listing on the Singapore Exchange (SGX) mainboard, with plans to start trading on July 19.

The business trust expects to raise net proceeds of up to S$2.63 billion by issuing 2.9 billion units at between 80 Singapore cents and 93 Singapore cents per unit.

This would make it the biggest listing here since Hutchison Port Holdings Trust, which raised US$5.5 billion ($7 billion) in 2011.

Immediately after the initial public offering (IPO), NetLink Trust will have a market capitalisation of between S$3.09 billion (based on the 80 cents offer price) and S$3,593.5 million (based on the 93 cents offer price).

The size of the public and placement tranches has not yet been decided, but new SGX rules require mainboard aspirants to allocate at least 5 per cent or S$50 million of the IPO to the public tranche.

The public offer will open at 5pm on July 10 and close at noon on July 17.

The trust has forecast an annualised distribution yield of between 4.73 per cent to 5.50 per cent in 2018, depending on the IPO price.

NetLink Trust designs, builds, owns and operates the passive infrastructure for Singapore's Next Generation Nationwide Broadband Network (NextGen NBN), over which ultra-high-speed internet access is delivered throughout the island.

NetLink Trust's passive infrastructure comprises about 76,000 km of fibre optic cable, 16,200 km of ducts, and 62,000 manholes.

With this network, NetLink Trust is able to sell wholesale dark fibre services to Nucleus Connect, a StarHub subsidiary. Nucleus Connect manages the active infrastructure like switches and routers, and sells bandwidth connectivity to retail service providers (including Singtel, StarHub, M1 and MyRepublic) who sell the bandwidth with value-added services to end-users.

Singtel is the trust's sole unitholder.

Under rules laid down by the infocomm regulator requiring "structural separation", Singtel was forced to divest itself of more than 75 per cent of NetLink Trust before April next year. The original deadline was April 2014, but Singtel asked for an extension.

NetLink trust will be managed by NetLink NBN Management.

DBS, Morgan Stanley and UBS are the joint issue managers and joint global coordinators.

Morgan Stanley is the stabilising manager.
__________________
The colour blue heals one's heart
mrclubbie is offline   Reply With Quote
Old 27-06-2017, 08:24 PM   #2
Arch-Supremacy Member
 
SpinFire's Avatar
 
Join Date: Apr 2001
Posts: 22,772
Woah $2b IPO
SpinFire is offline   Reply With Quote
Old 27-06-2017, 08:27 PM   #3
Master Member
 
Join Date: Aug 2015
Posts: 4,612
wad did zuckerberg say?
kannis_ng is offline   Reply With Quote
Old 27-06-2017, 08:35 PM   #4
Master Member
 
Mr.Canberra's Avatar
 
Join Date: May 2014
Posts: 3,140
Just like Star Wars the empire clone drones.

This is Singtel's new baby. Buy and hold counter. Collect dividends. Calander marked 10-17/07/17 to press ATM.

Sole broadband infrastructure builder sure wwjbh.

DBS, Morgan Stanley and UBS huat until blc haha.
mrclubbie and Squaredot like this.
__________________
[Canberra MRT Station]
http://forums.hardwarezone.com.sg/87290093-post26.html

Last edited by Mr.Canberra; 27-06-2017 at 08:43 PM..
Mr.Canberra is offline   Reply With Quote
Old 27-06-2017, 08:55 PM   #5
Great Supremacy Member
 
Weaboo's Avatar
 
Join Date: May 2009
Posts: 69,678
Just like Star Wars the empire clone drones.

This is Singtel's new baby. Buy and hold counter. Collect dividends. Calander marked 10-17/07/17 to press ATM.

Sole broadband infrastructure builder sure wwjbh.

DBS, Morgan Stanley and UBS huat until blc haha.
Can the gahmen break this up? Like invite overseas company to build another bb infra to compete? Or is sole monopoly?
__________________
DONKEY HUANG PLEASE RETURN ME MY MONEY
Weaboo is offline   Reply With Quote
Old 27-06-2017, 09:00 PM   #6
Master Member
 
Join Date: Feb 2013
Posts: 2,937
This one stabilising manager very free hor
tmkedmw is offline   Reply With Quote
Old 27-06-2017, 09:00 PM   #7
Supremacy Member
 
Wood41's Avatar
 
Join Date: Jan 2002
Posts: 6,828
Buy can Huat ?
Wood41 is offline   Reply With Quote
Old 27-06-2017, 09:09 PM   #8
Arch-Supremacy Member
 
cuntzbuster's Avatar
 
Join Date: Aug 2005
Posts: 15,378
>53 millions for public. Can Huat meh?

Sent from Pocoyo fan club using GAGT
cuntzbuster is offline   Reply With Quote
Old 27-06-2017, 09:15 PM   #9
Senior Member
 
Join Date: Jun 2004
Posts: 1,340
50million shares divide by 1000shares means only 50000ppl can get 1000 shares each
Huat arh bread crumbs to the peasants, Cryonism ...
tan1688 is offline   Reply With Quote
Old 27-06-2017, 09:18 PM   #10
High Supremacy Member
 
ccostagmont's Avatar
 
Join Date: Jul 2007
Posts: 45,484
Can buy????

Sent from Xiaomi REDMI NOTE 3 using GAGT
ccostagmont is offline   Reply With Quote
Old 27-06-2017, 09:18 PM   #11
Supremacy Member
 
Join Date: Nov 2015
Posts: 6,966
Got love for this counter?
batniss is offline   Reply With Quote
Old 27-06-2017, 09:28 PM   #12
Master Member
 
Join Date: Oct 2010
Posts: 2,837
This would make it the biggest listing here since Hutchison Port Holdings Trust, which raised US$5.5 billion ($7 billion) in 2011.
Don't think many IPO subscribers had a good experience with HPH...
lzydata is offline   Reply With Quote
Old 27-06-2017, 09:29 PM   #13
Honorary Member
 
MrSinkie95's Avatar
 
Join Date: May 2015
Posts: 117,783
Sir every hot
__________________
~Signing off, MrSinkie95~
MrSinkie95 is online now   Reply With Quote
Old 27-06-2017, 10:24 PM   #14
Supremacy Member
 
Wood41's Avatar
 
Join Date: Jan 2002
Posts: 6,828
LiKaShing had never intended to leave any crumb for investors.
Caviar Emptor !


Don't think many IPO subscribers had a good experience with HPH...
Wood41 is offline   Reply With Quote
Old 27-06-2017, 11:47 PM   #15
Senior Member
 
Sauzan's Avatar
 
Join Date: Jan 2002
Posts: 2,241
Don't think many IPO subscribers had a good experience with HPH...
Yalor. I still holding on since IPO. Sian.
Sauzan is offline   Reply With Quote
Reply
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.


Thread Tools

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On