(Constituted in the Republic of Singapore
pursuant to a trust deed dated 23 October 2006 (as amended))
ANNOUNCEMENT USE OF PROCEEDS FROM THE RECENT EQUITY FUND RAISINGThe Manager refers to (i) the Private Placement Announcements, (ii) the Financial Results Announcement, (iii) the Preferential Offering Announcement and (iv) the Use of Proceeds Announcement.
The Manager wishes to announce that the remaining proceeds of approximately S$82.5 million from the Private Placement referred to in the Financial Results Announcement and the remaining proceeds of approximately S$14.7 million from the Preferential Offering have been fully utilised to partially pay the USD-equivalent amount of RMB490 million (being approximately USD79.9 million, using the exchange rate of RMB6.1305 : USD1.00) payable to the PRC Vendor, as referred to in the Use of Proceeds Announcement.
Such use is in accordance with the intended use and is in accordance with the allocated percentage of the proceeds of the Private Placement and the Preferential Offering as stated in the Private Placement Announcements and the Preferential Offering Announcement respectively.
The balance of USD2.3 million payable1 to the PRC Vendor has been financed with CRCT's existing
debt facilities.
1 Based on the exchange rate of S$1.25222 : USD1.00.
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BY ORDER OF THE BOARD
CapitaRetail China Trust Management Limited
(Company Registration No. 200611176D) (As manager of CapitaRetail China Trust)
Goh Mei Lan
Company Secretary
4 December 2013
Definitions:
Board | The board of directors of the Manager |
Books Closure Date | 5.00 p.m. on 31 October 2013, being the time and date on which the transfer books and register of Unitholders was closed to determine the provisional allotments of Entitled Unitholders to the Preferential Offering |
CDP | The Central Depository (Pte) Limited |
CRCT | CapitaRetail China Trust |
CRI | CapitaLand Retail Investments (SY) Pte. Ltd. |
Entitled Depositors | Unitholders with Units standing to the credit of their Securities Accounts and who have registered addresses in Singapore with CDP as at the Books Closure Date or, if they have registered addresses outside Singapore, who have at least three Market Days prior to the Books Closure Date, provided CDP with addresses in Singapore for the service of notices and documents |
Entitled QIBs | Qualified institutional buyers (as defined in Rule 144A under the U.S. Securities Act) (i) whose identities have been agreed upon by the Manager and the Lead Manager and Underwriter, (ii) who have each provided the Manager and the Lead Manager and Underwriter with a signed Investor Representation Letter in the form attached to the Instruction Booklet despatched to Entitled Unitholders, and (iii) who are Entitled Depositors |
Entitled Unitholders | Entitled Depositors and Entitled QIBs |
Existing Units | The existing Units |
Financial Results Announcement | The announcement by the Manager on 23 October 2013 on CRCT's financial results for the third quarter ended 30 September 2013 |
Instruction Booklet | The instruction booklet despatched to Entitled Unitholders |
Lead Manager and Underwriter | DBS Bank Ltd., as the lead manager and underwriter for the Preferential Offering |
Manager | CapitaRetail China Trust Management Limited, in its capacity as manager of CRCT |
Market Day | A day on which the SGX-ST is open for trading in securities |
New Units | New Units in CRCT |
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PRC Vendor | Capital Airport Real Estate Group., Ltd |
Preferential Offering | The issue of New Units on a pro-rata and non-renounceable basis to Entitled Unitholders on the basis of 6 New Units for every 100 Existing Units held as at the Books Closure Date at the issue price of S$1.30 per New Unit |
Preferential Offering Announcement | The announcement by the Manager on 23 October 2013 on the launch of the equity fund raising by way of the Preferential Offering |
Private Placement | The private placement of New Units to institutional and other investors at the issue price of S$1.51 per New Unit |
Private Placement Announcements | The announcements by the Manager on 24 October 2012 and 25 October 2012 on the launch and close of the Private Placement, respectively |
RMB | Renminbi |
S$ | Singapore Dollar |
Securities Accounts | Unitholders' securities accounts with CDP (but do not include securities sub-accounts) |
SGX-ST | Singapore Exchange Securities Trading Limited |
Units | Units in CRCT |
Unitholders | Holders of Unit(s) |
USD | US Dollar |
Use of Proceeds Announcement | The announcement by the Manager on 22 November 2013 on the use of proceeds in connection with the Preferential Offering |
U.S. Securities Act | The United States Securities Act of 1933, as amended, and the rules and regulations of the United States Securities and Exchange Commission promulgated thereunder |
This announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for Units. This announcement is not for publication or distribution, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia), Canada or Japan. This announcement is not an offer of securities for sale into the United States, Canada or Japan. The securities referred to herein have not been and will not be registered under the U.S. Securities Act, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. Any public offering of securities made in the United States would be made by means of a prospectus that may be obtained from the Manager and would contain detailed information about the Manager and CRCT, as well as financial statements. No public offering of securities is being made in the United States.
The value of Units and the income derived from them, if any, may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested.
Investors should note that they will have no right to request the Manager to redeem or purchase their Units for so long as the Units are listed on the SGX-ST. It is intended that Unitholders may only deal in their Units through trading on the SGX-ST. Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.
The past performance of CRCT is not necessarily indicative of the future performance of CRCT.
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