Is that midvalley reit ppl talking about?

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Added on June 12, 2012, 11:51 amMust be ton of $ invest.

Arreit still rank no.3 in yield wor. Beside starhill and amfirst.

This post has been edited by ozak: Jun 12 2012, 11:51 AM

Yes.

In this case, must save bullet liau.

so the kassests turn into reit is confirm and is just a matter of time only?

The KASSETS announcement is to shareholders only? I don't see anything on the Bursa site. The only news dated 11/05/2012 is:

Announcement Details/Table Section :

We refer to the announcements dated 11 May 2012 and 14 May 2012 in respect of the Proposals. The abbreviations used in this announcement are consistent with the announcement dated 11 May 2012.

On behalf of the Board of Directors of KrisAssets, CIMB Investment Bank Berhad and Hong Leong Investment Bank Berhad are pleased to announce that the Securities Commission had in its letter dated 8 June 2012 approved the application in respect of the Proposed Distribution-In-Specie.

This announcement is dated 11 June 2012.

Anybody received AMFIRST Dividend Cheque (supposed paid on 31 May 2012) ?

Me not yet receive.

i also havent got it.just wondering our kasset share will be auto convert into igb reit shares or do we have to fill in some forms n sign it?

Also no sign of it...first time kena ffk by REIT dividend

There is no auto-conversion based on the proposal.
They will give you IGB reit shares as dividend in specie + capital repayment (which you do not need to fill up the form), while Kaaset will be delisted afterwards.

is it a confirmed news?

Me too! Kinda late this time

I have received it by cheque last Friday.

BTW this is my first posting. Thank you to everyone for more the info and knowledge I have gained from this forum.

Seamoth

The Board of Directors of SBGB wishes to announce that the Company, being the Lessee has defaulted in its rental payment on the lease of a Warehouse Complex erected on an industrial land held under HS(D) 232293, PT 93 Pekan Baru Hicom, Daerah Petaling, Negeri Selangor but excluding all plant and machineries for manufacturing purposes and the museum facilities installed thereon ("Demised Property") for the months of January 2012 to May 2012.

In relation thereto, CIMB Islamic Trustee Berhad (formerly known as CIMB Trustee Berhad) (“the Lessor”) has thereto called on the entire guaranteed sum under the Bank Guarantee issued by RHB Bank Berhad for the sum of Ringgit Malaysia Seven Million Two Hundred and Ninety-Six Thousand only (RM7,296,000.00), which shall be applied towards payment of the following:-

i. Outstanding rental due and owing by the Company for the period from January 2012 up to May 2012 (“Outstanding Rental”); and

ii. The remaining sum (after the deduction of the Outstanding Rental) shall be treated as advance rental until January 2013.

The calling of the above Bank Guarantee has been announced as a cross default in the Company’s announcement on 6 April 2012.

The Company is presently in communication with the Lessor on the revised terms of the Lease Agreement, which shall be incorporated into the proposed regularisation plan of the Company.

This announcement is dated 12 June 2012.

Just received the AMFIRST cheque today with the Annual Report
At least 8 working days....

It is a confirmed news unless the proposal is rejected by IGB and KASSETS shareholder? (which i think the chance of rejecting proposal is smaller than chance of tomorrow tsunami at KL)

Read from Maybank Analysis that this property contributes 11% to ARREIT rental income.

so it is better to stay away from ARREIT for the moment

You take the opportunity to stock-up on ARREIT

Hope the arreit drop more than 5% then can have a chance to stock up