- "consideration of S$411.8 million (the “Divestment”),"
- "Park Mall Investment Limited (“JVCo”) of which Suntec REIT has a 30.0% interest has been set up, to redevelop Park Mall into a commercial development comprising two office blocks and an ancillary retail component (the “Redeveloped Property”)",
- "Suntec REIT’s 30.0% interest in the JVCo",
- "As the consideration is ...
This is my 2nd part on the topic of Dividend Investing. This week note is about Cap Rate, Convertible Bond and Capital Distribution which I did a quick exploration from recent reading of Suntec Reit 1QFY16 Results.
Key Highlights
1. Completion of Suntec City Phase 3 and Suntec City Office
2. Higher distribution per unit of 2.371 cents which was 6.3% higher than 1Q FY15
3.Capital distribution of S$4.0 million from the sale proceeds of Park Mall.
More cut and Paste from previous announcements that I manage to find.