NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA OR JAPAN.
(Constituted in the Republic of Singapore
pursuant to a trust deed dated 23 October 2006 (as amended))
CRCT COMPLETES ACQUISITION OF GRAND CANYON MALL
The Manager refers to the announcement dated 6 November 2013 in relation to the acquisition of the Property through the acquisition of CRI, and is pleased to announce that CRI has completed the PRC Co Acquisition on 30 December 2013. Following the completion of the PRC Co Acquisition, PRC Co is now an indirect wholly-owned subsidiary of CRCT.
The total cost of the acquisition of the Property comprised:
(i) the purchase consideration of RMB1,760 million, of which (a) RMB700 million was paid in USD1 (amounting to approximately S$142.6 million1) by CRI to the PRC Vendor and (b) the sum of RMB1,060 million (amounting to approximately S$217.0 million 2 ), being the outstanding shareholder's loan, was paid by PRC Co to the PRC Vendor under the PRC Sale and Purchase Agreements. The sum of RMB46.8 million (amounting to approximately S$9.6 million2), being the land-related ancillary costs paid by the PRC Vendor, was reimbursed to the PRC Vendor by PRC Co under the PRC Sale and Purchase Agreements. The payment of the outstanding shareholder's loan and the land-related
ancillary costs were funded by an onshore loan taken out by PRC Co and CRCT's internal
cash sources, respectively;
(ii) the purchase consideration3 of S$34,147.54 payable for the acquisition of CRI under the Share Purchase Agreement and the Reimbursable Amounts of S$20,743.37 payable under the Share Purchase Agreement. The payment of the completion amount under the Share Purchase Agreement was funded by CRCT's internal sources of funds;
(iii) the Acquisition Fee which amounts to approximately S$3.6 million; and
(iv) the estimated professional and other fees and expenses incurred or to be incurred by CRCT in connection with the acquisition of the Property (inclusive of the equity financing-related expenses and debt financing-related expenses) of approximately S$3.4 million. These amounts have been funded by the proceeds from CRCT's recent preferential offering and CRCT's internal sources of funds.
The Acquisition Fee shall be in the form of Units, which shall not be sold within one year from the date of issuance.
1 Please refer to the announcements dated 22 November 2013 and 4 December 2013 in relation to the payments made under the PRC Sale and Purchase Agreements.
2 Based on the exchange rate of RMB1 : S$0.2047.
3 The Shareholder's Loan was assigned and transferred by CMA to CRCT at approximately S$43,787,918.45 (being the outstanding amount of the Shareholder's Loan as at 31 October 2013). This amount had been applied towards the
payment of the PRC Deposit, which forms part of the purchase consideration payable by CRI to the PRC Vendor. Please
refer to the announcements dated 6 November 2013 and 22 November 2013 for details of the deposit payable under the
PRC Sale and Purchase Agreements.
1
BY ORDER OF THE BOARD
CAPITARETAIL CHINA TRUST MANAGEMENT LIMITED (Company Registration No. 200611176D)
(As manager of CapitaRetail China Trust)
Choo Wei-Pin
Company Secretary
30 December 2013
Definitions:
Acquisition Fee
The acquisition fee payable to the Manager pursuant to the Trust Deed in respect of the Acquisition
CMA
CapitaMalls Asia Limited
CRCT
CapitaRetail China Trust
CRI
CapitaLand Retail Investments (SY) Pte. Ltd.
Manager
CapitaRetail China Trust Management Limited, in its capacity as manager of
CapitaLand China Trust is a Singapore-based real estate investment trust (REIT). The principal activities of the Trust are those relating to an investment in a diversified portfolio of income-producing properties located primarily in mainland China, Hong Kong and Macau and used primarily for retail, office and industrial purposes (including business parks, logistics facilities, data centers and integrated developments). Its portfolio constitutes approximately 10 shopping malls, five business parks and four logistics parks. The geographically diversified portfolio has a total gross floor area of approximately 1.9 million square meters (sq m), located across 12 Chinese cities. Its retail malls include CapitaMall Xizhimen, Rock Square, CapitaMall Wangjing, CapitaMall Grand Canyon, CapitaMall Xuefu, CapitaMall Xinnan, CapitaMall Nuohemule, CapitaMall Yuhuating, CapitaMall Aidemengdun and CapitaMall Qibao. Its investment manager is CapitaLand China Trust Management Limited.
CAPITALAND CHINA TRUST 
By 
