Shares & Derivatives
Charting Ascendas H Reit
By Rainbow Coin  •  February 2, 2018
Recent News DIVESTMENT OF ASCENDAS CHINA HOTEL INVESTMENT LIMITED AND ASCENDAS HOSPITALITY CHINA PTE LTD Ascendas Hospitality Reit will be divesting Beijing Novotel Sanyuan and Ibis Beijing Sanyuan  for RMB1,156.4 million (or approximately S$235.9 million). Aggregate valuation of the Properties was RMB574.0 million (or approximately S$117.1 million) (“Independent Valuation”) as at 31 October 2017. Completion is expected to take place in first half of FY2018/19. Reasons for the divestment:
  1. Agreed Purchase Price is Attractive
  2. To free up capital and provide greater financial flexibility for fund deployment towards potential acquisitions, value enhancement and/or debt repayment.
Reference: http://ir.a-htrust.com/newsroom/20180129_174423_Q1P_VBYBLFV4BCKKIEBG.1.pdf
The divestment proceed could be used for debt repayment, acquisition or other financing activities...
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By Rainbow Coin
I began exploring the financial world in year 2010, hoping to get out of the rat race and be financially independent. 2010 was the aftermath period of the Lehman crisis when a pretty shaken up market was struggling to recover. On hindsight, that was the perfect time to catch multi-bagger stocks should I be a veteran or at least had some basic knowledge of picking up 'gems'. My learning curve was steep then, as I have absolutely no friends or relative who could shed some light on what's investing about.
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