AIMS APAC REIT *Official* (SGX:O5RU)

[waxqube]

Wow! Got almost all the excess I applied...... works out to be around 250%...... company said its 200% over subscribed..... so I think it’s the management company that used this opportunity to ‘release‘ its shares to us........ otherwise cant think of how the extra shares appear from .....

According to the PO results, only 69.15% of the PO was subscribed... The oversubscription is for excess rights

 

[waxqube]

Yes you are right, I should have phased it better.... the rights entitlement plus the excess was 200% oversubscribed.... still, the 30% not subscribed couldn’t have given all the people who applied for over 100% excess......unless the management compsny released its own shareholding, which is a common practice.... this ”mystery” was solved during a question at a Mapletree Com Trust AGM..

Ok, I see what you mean, but where is it stated that everyone who applied excess got whatever they wanted in full? Just because you got it (I also got mine in full) doesn't mean everyone else got it, right? Furthermore, the manager and related entities had subscribed for their rights in full, so I don't see how they could "release" their shareholdings for the rights issue...

 

[AlcusTrader]

Based on what I got and what ppl shared online, seems that total qty applied (allocated+ excess) is around 250% of your allocation.

 

[limchooc]

I got 1000 share during IPO, my PO allocation is 35. The total I applied (allocated + excess) is 5000. At the end I am given 2200 share. Off load it immediately on the first day of PO trading at 1.24, net gain around $99 after fee. Enough for a few day of Cai Pan lunch.

 

[homer123]

 

[Shion]

AIMS APAC REIT to divest 3 Toh Tuck Link for $24.4 mil​

https://www.theedgesingapore.com/news/reits/aims-apac-reit-divest-3-toh-tuck-link-244-mil

The manager of AIMS APAC REIT (AA REIT) says the REIT’s trustee, HSBC Institutional Trust Services (Singapore) Limited, has entered into a sales and purchase agreement with Crown Worldwide for the divestment of its property at 3 Toh Tuck Link.

The sale consideration of $24.388 million represents a 32.5% premium to the property’s valuation of $18.4 million as at March 31.

The property includes a three-storey factory and a five-storey ancillary office building with a total gross floor area of 12,492.4 sqm.

Net proceeds from the divestment are expected to be reinvested to support AA REIT’s various growth initiatives, such as potential new acquisitions, asset enhancements initiatives or future redevelopment projects.

Russel Ng, CEO of the manager, says: “This aligns with our proactive asset management strategy and our continuous effort towards portfolio rejuvenation, ultimately strengthening AA REIT’s resiliency as well as delivering long term sustainable returns for our unitholders.”

The divestment is set to be completed by the first half of 2025, subject to JTC Corporation’s approval.

Following the divestment, AA REIT’s portfolio will comprise 27 properties across Singapore and Australia.

Units in AA REIT closed 1 cent higher, or up 0.8%, at $1.26 on Dec 10.