CapitaLand Integrated Commercial Trust's Proposed Acquisition of ION Orchard: What You Need to Know

Yesterday morning (03 September 2024), CapitaLand Integrated Commercial Trust (SGX: C38U) announced the proposed acquisition of a 50.0% interest in ION Orchard, at an agreed property value of S$1,848.5m. It is said to be DPU accretive by 0.9% (based on its DPU payout for 1H FY2024 between 01 January and 30 June 2024).

The REIT intends to finance the total acquisition outlay (of approximately S$1,101.3 million) from net proceeds to be raised from an equity fund raising exercise (a combination of private placement and preferential offering).

An extraordinary general meeting will be held around late-October/early-November to seek unitholders' approval for the proposed transaction.

I have studied the related documents and in this video presentation, you will find some of the key essentials you need to know about the proposed transaction (which I have compiled for the benefit of those who do not have the time to go through them)...


Related Documents:
►‌ News Release: https://links.sgx.com/1.0.0/corporate...
►‌ Acquisition Announcement: https://links.sgx.com/1.0.0/corporate...
►‌ Acquisition Presentation: https://links.sgx.com/1.0.0/corporate...
►‌ Launch of EFR Announcement on 03 September 2024 - https://links.sgx.com/1.0.0/corporate...
►‌ Notice of Record Date. For the Advanced Distribution & Preferential Offering Entitlement - https://links.sgx.com/FileOpen/CICT_N...


Investing Resources:
►‌ Blog: https://www.thesingaporeaninvestor.sg
►‌ Building Your REIT-irement Portfolio Book: https://www.thesingaporeaninvestor.sg...
►‌ US & SG Equities Digest: https://www.thesingaporeaninvestor.sg...


Follow The Singaporean Investor on Social Media:
►‌ Instagram:   / thesingaporeaninvestor  
►‌ Telegram: https://t.me/thesingaporeaninvestor
►‌ InvestingNote: https://www.investingnote.com/users/l...


Image Sources:
►‌ Photo of the Exterior of ION Orchard on Cover Slide - https://links.sgx.com/FileOpen/CICT%2...
►‌ Key Information about ION Orchard on 2nd Slide - https://links.sgx.com/FileOpen/CICT%2...
►‌ Valuation & Agreed Property Value on 3rd Slide - https://links.sgx.com/FileOpen/CICT%2...
►‌ Advanced Distribution between 01 July and 11 September 2024 on 7th Slide - https://www.pexels.com/photo/coins-an...
►‌ Property Value by Asset Class & Geography on 8th Slide - https://links.sgx.com/FileOpen/CICT%2...
►‌ DPU Accretion on 9th Slide - https://links.sgx.com/FileOpen/CICT%2...


Disclaimer: This presentation is for informational purposes only and should not be considered financial or investment advice. Investing carries risks, and the information provided, based on historical data and market trends, may not reflect current conditions. Before making any investment decisions, consult with a qualified financial advisor to assess your individual circumstances. The presenter is not liable for any direct/indirect losses resulting from the use or reliance on this information.

At the time of posting of this video, I am a unitholder of CapitaLand Integrated Commercial Trust.