I am applying for rights. Cheaper way to go. Not sure if can get excess.
Good luck to us all.

That's what is happening to me.

30% with holding tax on my dividends!

EC world is one of my biggest holdings. 

Bond yields are starting to drop again.. should be supportive of REITs, particularly the these names.
Good luck.. collect gems if you can come across any during this sell off.
First trade was only done at 10.37am. Using POEMS to view.

AMP Capital buys out JV partner AMP Capital's stakes in AA REIT and manager
By:
PC Lee
21/11/18, 08:02 pm
SINGAPORE (Nov 21): AIMS Financial Service Group is acquiring AMP Capital’s 50% stake in the management entities of AIMS AMP Capital Industrial REIT (AA REIT) and also the latter’s 10.26% stake in the REIT.

AIMS Financial Group currently owns a 50% interest in the management entities of AA REIT. This includes AA REIT’s manager AIMS AMP Capital Industrial REIT Management; AIMS AMP Capital Industrial REIT Management Australia as investment manager; and AIMS AMP Capital Property Management as property manager.

If completed, the acquisition will result in AIMS Financial Group becoming the 100% owner of the management entities of AA REIT and holding 17.88% of units in AA REIT.

The acquisition follows AMP Capital’s March announcement that it was undertaking a review of its ownership interests in the management entities of AA REIT as well as its principal stake in AA REIT.

“Following the completion of this review, AMP Capital and AIMS Financial Group have agreed to enter into the transaction,” says the manager of AA REIT in a Wednesday filing after market close.

AIMS AMP Capital Industrial REIT Management says the acquisition is expected to be completed next month.

Established in 1991, AIMS Financial Group is a diversified financial services and investment group, with businesses spanning Australia, China, Hong Kong and Singapore.

In July 2009, AIMS Financial Group acquired MacarthurCook, the parent company of MacarthurCook Industrial REIT (MI-REIT), the predecessor of AA REIT.

At that time, MI-REIT was facing a number of financial challenges and had a depressed market capitalisation of $60 million with assets under management (AUM) at around $544 million.

Following the acquisition by AIMS Financial Group, a recapitalisation exercise took place with MI-REIT raising equity to repay and refinance debt facilities and fund the acquisition of four properties from AMP Capital, thus resulting in a turnaround for the REIT.

As at March 2010, MI-REIT’s market capitalisation increased to $315 million and it gained the support of AMP Capital, which entered into a joint venture with AIMS Financial Group as sponsors of the REIT and rebranded MI-REIT as AA REIT.

Since then, AA REIT has steadily grown its AUM to close to $1.5 billion from $658 million as at the end of March 31 2010 through acquisitions, strategic asset enhancement and development projects.

George Wang (left), chairman and CEO of AIMS Financial Group and chairman of AIMS AMP Capital Industrial REIT Management, says, “AIMS has enjoyed a successful partnership with AMP Capital over the last nine years, and we now look forward to this next chapter in the evolution of AA REIT. Our footprint across Asia Pacific and extensive track record in managing real estate investments strongly positions AIMS Financial Group to ensure AA REIT continues to deliver stable and sustainable long-term returns to Unitholders.”

Koh Wee Lih (right), CEO of AIMS AMP Capital Industrial REIT, says, “The consolidation of interest within AIMS Financial Group is a significant development for AA REIT that provides continuity in the independent management of AA REIT’s assets. Over the past decade, AA REIT has grown from AUM of approximately $544 million to a fund with $1.5 billion worth of assets across a diversified portfolio of 26 high-performing properties in Singapore and Australia. We remain committed to our strategy to build a higher quality and resilient portfolio and will continue to maintain our focus on prudent capital management and disciplined investment.”

Year to date, units in AA REIT have fallen 6 cents to $1.30.

Nope.

Probably will come with the next dividend

WoW!

That's drastic!

No lah........look at the whole market.  They are all down.

Een those with dividends till next quarter is down

One of the larger shareholders, Cerberus sold it's entire stake in  Cromwell at 0.455 cents overnight. The company is a private equity of sorts, so its exit may not really mean much in terms of the fundamentals of the REITs.

I got no use for Euro so not interested. If USD got use.

Mana ada Cromwell SGD? Their default payout is Euro like frasers logistics,  default payout is SGD.

Ireit default payout is SGD.

Do you guys here use CDP or Custodian to do your trades? And which?

I presume you opened both custodian acc at Singapore itself and not from here?

Why so many? Lol... which ones r u using now?

Yeah I went through similar experience like you. I started with POSB/DBS Vickers. Then switched to POEMS and saxo capital. Opened a Maybank SG as well along the way. Now I'm using StanChart and FSMOne. It was not intentional but somehow it turned out that way over the years haha. So now I have Maybank, POSB and StanChart bank accounts but feel reluctant to let go.