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ACQUISITION OF 66 STRATA-TITLED OFFICE UNITS IN THE PROPERTY KNOWN AS BURLINGTON SQUARE LOCATED AT 175A BENCOOLEN STREET, SINGAPORE

http://info.sgx.com/webcoranncatth.nsf/V...800441A5D/$file/A_BSQacquisitionF_080512.pdf?openelement

The Board of Directors of Guthrie GTS Limited (the “Company”) wishes to announce that its
joint venture company, Guthrie-SV Pte. Ltd. (“GSV”), has incorporated eight wholly-owned
subsidiaries, Guthrie-SV BSQ5 Pte. Ltd. (“BSQ5”), Guthrie-SV BSQ6 Pte. Ltd. (“BSQ6”),
Guthrie-SV BSQ7 Pte. Ltd. (“BSQ7”), Guthrie-SV BSQ8 Pte. Ltd. (“BSQ8”), Guthrie-SV
BSQ9 Pte. Ltd. (“BSQ9”), Guthrie-SV BSQ10 Pte. Ltd. (“BSQ10”), Guthrie-SV BSQ11 Pte.
Ltd. (“BSQ11”) and Guthrie-SV BSQ12 Pte. Ltd. (“BSQ12” and together with BSQ5, BSQ6,
BSQ7, BSQ8, BSQ9, BSQ10 and BSQ11, the “BSQ Subsidiaries”), to acquire a total of 66
strata-titled office units (the “Units”) in the property known as Burlington Square located at
175A Bencoolen Street, Singapore (the “Property”) for an aggregate purchase price of
$89.3 million (the “Transaction”).

"Each of the BSQ Subsidiaries entered into a sale and purchase agreement (the “SPA”) with
Burlington Square Properties Pte Ltd and Burlington Square Investment Pte Ltd (collectively,
the “Vendors”) to acquire the Units. A deposit equivalent to 10% of the Purchase Price was
paid upon execution of the SPA. The balance of 90% of the Purchase Price will be payable
on completion which shall take place on 31 July 2012. "

Burlington Square Properties Pte Ltd and Burlington Square Investment Pte Ltd is 50% owned by Wing Tai Holdings. Hence, it will recognize some profit from the above divestment to Guthrie.

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(02-05-2012, 02:19 PM)sgpunter Wrote: [ -> ]I'm looking to average down my holdings in Wing Tai as well. Based on my check for the last ten years, it has always paid out a dividend despite ups and downs unlike another property counter trading at a discount to NAV, Hong Fok. Its just a matter of time before the market will realize its potential. I have listed the dividend history below.

FY02 - $0.03
FY03 - $0.01
FY04 - $0.02
FY05 - $0.03
FY06 - $0.03 + $0.03 (Special Div)
FY07 - $0.03 + $0.05
FY08 - $0.03 + $0.03
FY09 - $0.03 + $0.01
FY10 - $0.03 + $0.02
FY11 - $0.03 + $0.04

Wing Tai Holdings has an unofficial dividend policy of 30% as confirmed by the chairman during last year AGM. I'm expecting the dividend of FY12 to be $0.05. So far it is still on track, as 3Q EPS is $0.132.

(08-05-2012, 09:20 PM)ngcheeki Wrote: [ -> ]Burlington Square Properties Pte Ltd and Burlington Square Investment Pte Ltd[/b] is 50% owned by Wing Tai Holdings. Hence, it will recognize some profit from the above divestment to Guthrie.
...
Wing Tai Holdings has an unofficial dividend policy of 30% as confirmed by the chairman during last year AGM. I'm expecting the dividend of FY12 to be $0.05. So far it is still on track, as 3Q EPS is $0.132.

wow, you really know wingtai well!

OMG, WING TAI HK TO ASK WINSOR PROPERTIES TO DO A DISTRIBUTION OF ASSETS BY WAY OF DIVIDEND IN SPECIE AND A CASH OFFER WILL BE MADE TO BUY OUT THE ASSETS THAT ARE NOT OWNED BY THEM.

Winsor Properties will still remain as a listed shell. I wonder if this shell can be used for a reverse takeover of Wing Tai Singapore to shift listing from SGX to HK...

CDL and Hong Leong owns the remaining 50% in Burlington Square!

(08-05-2012, 09:20 PM)ngcheeki Wrote: [ -> ]ACQUISITION OF 66 STRATA-TITLED OFFICE UNITS IN THE PROPERTY KNOWN AS BURLINGTON SQUARE LOCATED AT 175A BENCOOLEN STREET, SINGAPORE

http://info.sgx.com/webcoranncatth.nsf/V...800441A5D/$file/A_BSQacquisitionF_080512.pdf?openelement

The Board of Directors of Guthrie GTS Limited (the “Company”) wishes to announce that its
joint venture company, Guthrie-SV Pte. Ltd. (“GSV”), has incorporated eight wholly-owned
subsidiaries, Guthrie-SV BSQ5 Pte. Ltd. (“BSQ5”), Guthrie-SV BSQ6 Pte. Ltd. (“BSQ6”),
Guthrie-SV BSQ7 Pte. Ltd. (“BSQ7”), Guthrie-SV BSQ8 Pte. Ltd. (“BSQ8”), Guthrie-SV
BSQ9 Pte. Ltd. (“BSQ9”), Guthrie-SV BSQ10 Pte. Ltd. (“BSQ10”), Guthrie-SV BSQ11 Pte.
Ltd. (“BSQ11”) and Guthrie-SV BSQ12 Pte. Ltd. (“BSQ12” and together with BSQ5, BSQ6,
BSQ7, BSQ8, BSQ9, BSQ10 and BSQ11, the “BSQ Subsidiaries”), to acquire a total of 66
strata-titled office units (the “Units”) in the property known as Burlington Square located at
175A Bencoolen Street, Singapore (the “Property”) for an aggregate purchase price of
$89.3 million (the “Transaction”).

"Each of the BSQ Subsidiaries entered into a sale and purchase agreement (the “SPA”) with
Burlington Square Properties Pte Ltd and Burlington Square Investment Pte Ltd (collectively,
the “Vendors”) to acquire the Units. A deposit equivalent to 10% of the Purchase Price was
paid upon execution of the SPA. The balance of 90% of the Purchase Price will be payable
on completion which shall take place on 31 July 2012. "

Burlington Square Properties Pte Ltd and Burlington Square Investment Pte Ltd is 50% owned by Wing Tai Holdings. Hence, it will recognize some profit from the above divestment to Guthrie.

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(02-05-2012, 02:19 PM)sgpunter Wrote: [ -> ]I'm looking to average down my holdings in Wing Tai as well. Based on my check for the last ten years, it has always paid out a dividend despite ups and downs unlike another property counter trading at a discount to NAV, Hong Fok. Its just a matter of time before the market will realize its potential. I have listed the dividend history below.

FY02 - $0.03
FY03 - $0.01
FY04 - $0.02
FY05 - $0.03
FY06 - $0.03 + $0.03 (Special Div)
FY07 - $0.03 + $0.05
FY08 - $0.03 + $0.03
FY09 - $0.03 + $0.01
FY10 - $0.03 + $0.02
FY11 - $0.03 + $0.04

Wing Tai Holdings has an unofficial dividend policy of 30% as confirmed by the chairman during last year AGM. I'm expecting the dividend of FY12 to be $0.05. So far it is still on track, as 3Q EPS is $0.132.

Why there is no disclosure of these transactions by Wing Tai in SGX?

Yap, CDL owned 25% and Hong Leong owned another 25%. By the way, the price sold is below indicative price of $101 million.

http://lushhomemedia.com/2012/03/15/66-s...-for-sale/

This mixed development in the civic district is owned by Claymore Properties Pte Ltd, a joint venture company of Wing Tai Land, City Developments Ltd (CDL) and Hong Realty, a wholly owned subsidiary of the Hong Leong group. Claymore Properties own the office and apartment units at Burlington Square, of which Wing Tai owns a 50 per cent stake and CDL and Hong Realty each own a 25 per cent share. Burlington Square also comprises a retail arm which is wholly owned by Wing Tai.

http://ir.cdl.com.sg/phoenix.zhtml?c=607...&highlight=

WHY SGX NEVER QUERY WING TAI? How come Wing Tai HK suspended, Wing Tai no need to do a trading halt? All these are material information and yet Wing Tai is not issuing any announcement?

Is Cheng Wai Keong secretly accumulating Wing tai shares cheaply on the market?

Hmm Wing Tai up on a day when overall market is down...I was looking to average down at $1...

(09-05-2012, 03:14 PM)sgpunter Wrote: [ -> ]Hmm Wing Tai up on a day when overall market is down...I was looking to average down at $1...

You had your chance last year to GRAB at 93cents

I can tell you its being controlled by Big players now.

Alamak...the power of hindsight haha...if I knew I would have grabbed JEL when it was stagnant at $0.005!

I got my Wing Tai at $1.64 still sitting on paper loss but so be it I'll be holding on to it. Was looking to average down but will monitor the price closely.