Important Dates for First REIT rights issue

Acquisition of 2 properties:

Mochtar Riady Comprehensive Cancer Centre (MRCCC) – SGD 170 mil
Siloam Hospitals Lippo Cikarang (SHLC) – SGD 35 mil

Funded by issuing 345 mil shares for a gross proceed of SGD 172 mil and long term debt financing for SGD 50 mil

Rights Issue price = SGD 0.50
Rights Ratio = 5 for 4
Implied TERP – SGD 0.70 per unit
discount to TERP – 28.57%
discount to closing price – 47.37%


XR to register for rights issue : 3 Dec 2010
Commencement of “nil-paid” rights trading period: 8 Dec 2010
Close of “nil-paid” rights trading period: 16 Dec 2010
Close of rights issue: 22 Dec 2010
Expected date of issue of rights units: 30 Dec 2010
Completion of the MRCCC Acquisition and the SHLC acquisition: 31 Dec 2010
Commencement of trading of rights units: 31 Dec 2010