Today, Keppel KBS’s shares from the rights issue starts trading, and we have an announcement this morning that they made an acquisition. This is not new, as there were some warm rumors that the Westpark acquisition was not the only acquisition. Keppel KBS would be acquiring Maitland Promenade I from The Realty Associates Fund X, which is an unrelated third party. The acquisition will come up to US$48.5 mil. This is much smaller compared to the previous acquisition. My initial question would be that, back in my article about Keppel KBS’s rights issue and withholding tax debacle, KBS set up this new company and I thought that was more for tax planning purposes. In any case this acquisition will be funded by debt. Not much was mentioned about the CAP rate for this acquisition but the following information. The profits was computed for roughly 320 days, so ...