27 Jun '17, 4pm

CDLHT Announces Acquisitions (Pullman Hotel Germany) & Launch of Renouncable Rights Issue: CDL Hospitality Trusts…

CDL Hospitality Trusts is currently my top position in the portfolio so I am inclined to write about the news they have announced today. The Trust announces two big news – the first being the acquisition of the Pullman Hotel in Germany, which amounted to about S$160m and will be fully funded by debt facility. The second short after being the launch of the renouncable rights issue amounting to a gross proceeds of S$255m to lower their gearing and improve their balance sheet. This is quite an interesting news because it’s the first time I’ve seen a Reit doing this 2 layer set up announced on the same day. Usually, the Reit will be inclined to announce the acquisition first, and then subsequently followed by the method of funding a few weeks/months later. What essentially happens is that the Trust is raising more proceeds to cover the acquisitions, and there (Read more…)

Full article: http://thefinance.sg/2017/06/27/cdlht-announces-acquisiti...

Tweets

Coal Mines, Eastern Germany

earthobservatory.nasa.gov 26 Jun '17, 2pm

An astronaut on the International Space Station took this photograph of a strip mine in Germany, located along the Polish ...

@ForestRiverInc announces acquisition of @TurtleTopBus:

@ForestRiverInc announces acquisition of @Turtl...

metro-magazine.com 28 Jun '17, 8pm

Forest River Inc. , U.S. manufacturer of recreational vehicles, pontoon boats, cargo trailers and buses, announced the acq...

Our top 5 hotel picks in Dubai

Our top 5 hotel picks in Dubai

aluxurytravelblog.com 28 Jun '17, 11am

Our top 5 hotel picks in Dubai By Sangeeta Sadarangani on Jun 28, 2017 in Accommodation , Hotels , Middle East , Regions ,...

#Velaikkaran: Singapore, Gulf and USA rights sold Read

#Velaikkaran: Singapore, Gulf and USA rights so...

onlykollywood.com 27 Jun '17, 5am

The USA, Singapore and Gulf distribution rights of Sivakarthikeyan’s Velaikkaran have been already sold. While the USA rig...