Religare Health Trust *Official* (SGX: RF1U)

[Seah.tt]

around 6 %

seems like a fair bet... buy now, if deal, win. if lose got 6%

 

[OngHuatHuat]

Fortis drop 7.39 % at the moment, think they really go ahead with capital raising via equity?

seems like a fair bet... buy now, if deal, win. if lose got 6%

 

[xDYODDx]

Fortis drop 7.39 % at the moment, think they really go ahead with capital raising via equity?

down 9% now, good news for RHT?

 

[OngHuatHuat]

Be patient. I think they are going to announce something soon.

down 9% now, good news for RHT?

 

[BlackIcE84]

Deadline extended by 30 days.


"It is hereby further informed that, the parties to the Term Sheet have on January 12, 2018, mutually agreed to extend the Exclusivity Period by an additional period of 30 days from January 12, 2018.

This is in order to facilitate the continued negotiations and finalisation of the definitive agreements in relation to the proposed transaction," Fortis said in a regulatory filing.

Click here for link

the wording sounds as though the decision to buy has been finalised, and what remains to be sorted out are the details

 

[OngHuatHuat]

Another 30 days!
Means another round of dividend accrued, 1.2x cents again!
When are they going to pay us dividends? Argh! Angry......

Deadline extended by 30 days.


"It is hereby further informed that, the parties to the Term Sheet have on January 12, 2018, mutually agreed to extend the Exclusivity Period by an additional period of 30 days from January 12, 2018.

This is in order to facilitate the continued negotiations and finalisation of the definitive agreements in relation to the proposed transaction," Fortis said in a regulatory filing.

Click here for link

the wording sounds as though the decision to buy has been finalised, and what remains to be sorted out are the details

 

[OngHuatHuat]

No wonder fortis huge drop in price over the last 2 trading days, they are going to do a huge dilution to get enough cash.

Deadline extended by 30 days.


"It is hereby further informed that, the parties to the Term Sheet have on January 12, 2018, mutually agreed to extend the Exclusivity Period by an additional period of 30 days from January 12, 2018.

This is in order to facilitate the continued negotiations and finalisation of the definitive agreements in relation to the proposed transaction," Fortis said in a regulatory filing.

Click here for link

the wording sounds as though the decision to buy has been finalised, and what remains to be sorted out are the details

 

[addict951]

So the only thing nao remains ish how much CD to declare nia hor? 25c??

 

[OngHuatHuat]

They already owe us 1.22 + 1.14 cents, considering the fact that this quarter has no huge income tax expenses again, the payout should be around 1.2 to 1.3 cents(but they declare the payout every half a year)

So the only thing nao remains ish how much CD to declare nia hor? 25c??

 

[OngHuatHuat]

Every quarter around 1.2x cents now. If earnings increase, 1.3x cents provided they have money to pay us.

So the only thing nao remains ish how much CD to declare nia hor? 25c??

 

[Minx99]

Another 30 days!
Means another round of dividend accrued, 1.2x cents again!
When are they going to pay us dividends? Argh! Angry......

The acquisition & the paying of semi-annual dividends are 2 entirely separate matters. Fortis has conveniently stringed them together in their favor, at the expense of unit holders. The manager & trustee are not protecting the interests of unit holders and allowing Fortis to hold back the service fees which they're legally supposed to pay to RHT trust. Why is SGX & SIAS not doing anything about this...

 

[OngHuatHuat]

The acquisition & the paying of semi-annual dividends are 2 entirely separate matters. Fortis has conveniently stringed them together in their favor, at the expense of unit holders. The manager & trustee are not protecting the interests of unit holders and allowing Fortis to hold back the service fees which they're legally supposed to pay to RHT trust. Why is SGX & SIAS not doing anything about this...

Another 30 days, will see what kind of reasons they give again after 30 days.

 

[Seah.tt]

i hope they dun offer us fortis shares

 

[OngHuatHuat]

Me too.

i hope they dun offer us fortis shares

 

[Perisher]

i hope they dun offer us fortis shares

Omg...

 

[Opps-gal]

The acquisition & the paying of semi-annual dividends are 2 entirely separate matters. Fortis has conveniently stringed them together in their favor, at the expense of unit holders. The manager & trustee are not protecting the interests of unit holders and allowing Fortis to hold back the service fees which they're legally supposed to pay to RHT trust. Why is SGX & SIAS not doing anything about this...

Waiting for the money come in so long till living in hunger... If every company does that, how to depend on dividends to survive for retirement?

 

[Jupiter2017]

filed at SGX this morning:
http://infopub.sgx.com/FileOpen/RHT...s_15Jan18.ashx?App=Announcement&FileID=485174

 

[Jupiter2017]

http://www.businesstimes.com.sg/com...exclusivity-period-for-talks-on-proposed-sale
RHT Health Trust and Fortis extend exclusivity period for talks on proposed sale of assets
Mon, Jan 15, 2018 - 8:42 AM Lynette Khoo lynkhoo@sph.com.sg

SINGAPORE-LISTED RHT Health Trust said it has entered into an agreement to extend the exclusivity period with Fortis Healthcare by an additional period of 31 days commencing from Jan 12, 2018.
This is to facilitate the continued negotiations and finalisation of the definitive agreements on the proposed disposal of its entire portfolio of healthcare assets for close to S$1 billion to Fortis.
Fortis has also undertaken to pay to the various RHT entities an outstanding amount of 978.7 million rupees as of Sept 30, 2017, arising from certain service fees and interest income on the compulsorily convertible debentures (CCDs) by Jan 31.
The trustee-manager of RHT Health Trust had earlier granted Fortis a 60-day period starting from Nov 14, 2017, which is the date of the term sheet, to negotiate exclusively with each other on the proposed transaction. While negotiations with Fortis are at an advanced stage, the parties were not in a position to finalise the definitive agreements before the expiry of the exclusivity period, it said.
The offer price by Fortis for RHT's assets was 46.5 billion rupees (S$966 million), or S$0.90 a unit, representing a 7.8 per cent premium over the latest reported net asset value of S$0.835 per share.
RHT Health Trust has interests in 12 clinical establishments, four greenfield clinical establishments and two operating hospitals in India. Its manager has appointed Merrill Lynch (Singapore) to advise on the proposed disposal.
Fortis, a large integrated healthcare delivery service provider in India, holds an indirect interest of about 29.76 per cent of units in RHT.

 

[OngHuatHuat]

The acquisition & the paying of semi-annual dividends are 2 entirely separate matters. Fortis has conveniently stringed them together in their favor, at the expense of unit holders. The manager & trustee are not protecting the interests of unit holders and allowing Fortis to hold back the service fees which they're legally supposed to pay to RHT trust. Why is SGX & SIAS not doing anything about this...

 

[OngHuatHuat]

https://links.sgx.com/FileOpen/RHT_...s_15Jan18.ashx?App=Announcement&FileID=485174

Hopefully we can receive our dividend by Chinese New Year.