From a regional perspective, singapore reits are offering higher yields, but investors need to pay attention to their changing regional mix, which may result in higher currency risk. The manager forecasts that, in the absence of unforeseen circumstances and on the bases and assumptions set out in the offering circular, the profit of hui xian reit for the period from the listing date to 30 june 2011 will be not less. Its free to post and participate in hui xian reit s discussion. Webbsite reports news, analysis and opinions since 1998. Hk stock quote, history, news and other vital information to help you with your stock trading and investing. The group focuses on large scale mixeduse developments primarily in singapore and china. A related study by ooi, newell and sing 2006 examines the growth of reit markets in asia.
Hui xian real estate investment trust diversified reits china 3. Rmb followon fund raising in hong kong media workshop 5 september 2011 bryan chan head of rmb product task force. In accessing the attached offering circular, you agree to be bound by the. Sunlight reit welcomes dah sing bank as anchor tenant at sunlight tower. All content on is for your general information and use only and is not intended to address your particular requirements. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by ft and is not intended to be relied upon by users in making or refraining from making any specific investment or other. Perennial real estate holdings growth potential an. An externallyadvised reit can have employees as well, but it subcontracts with an outside entity for supervisory services.
Hui xian is the first rmbdenominated reit listed in hong kong, and until its. Instruments which are specified in the cmu service reference manual as capable of being. The pearnings ntm ratio of hui xian real estate investment trust is higher than the average of its sector diversified reits. But its the only one out of all hk listed reits to perform by so much. Hui xian ng senior finance manager asia south dfs group. Tycoon li kashings hui xian real estate investment trust hui xian reit the first yuandenominated initial public offering ipo in hong. If you are in any doubt as to any aspect of this circular or as to the action to be. In 2h2016, two new prime retail projects entered the market, bringing. A reit real estate investment trust is a collective investment scheme constituted as a trust that invests primarily in real estate with the aim of providing investors with returns derived. The company has expressed the view in its circular for 2019.
Islamic reit is an investment scheme in real estate whose tenants operate permissible activities that are in line with sharia principles. The org chart of hui xian reit contains its 14 main executives including ling fung cheung, wai yin lai and chi kin lee. New century real estate investment trusts reit initial public offering ipo was the first reit ipo in hong kong since the 2011 listing of hua xian reit. Hui xian real estate investment trust hui xian reit is a hong kong collective investment scheme authorised under section 104 of the securities and futures ordinance chapter 571 of the laws of hong kong. The company valuation of hui xian real estate investment trust according to these metrics is below the market valuation of its peer group. Offering for hui xian real estate investment trust hui xian reit, the. It was also the first reit to include chinabased hotel assets.
As stated in the offering circular, the key objectives of the manager are. Hui xian reit, the worlds first rmbdenominated real estate investment trust sold outside of china, raised close to rmb 11. Cromwell european real estate investment trust a real estate investment trust constituted on 28 april 2017 under the laws of the republic of singapore managed by cromwell ereit management pte. Under the new section 61a ita, the total income of a reitptf which is. Hui xian reit, the property flagship controlled by hong kong billionaire li kashing, has set an indicative range for its initial public offering pricing of a. Bop holds the land use right and building ownership rights of beijing oriental. See the complete profile on linkedin and discover hui xians connections and jobs at similar companies. The development of real estate investment trusts reits in hong kong. Hui xian is the first rmbdenominated reit listed in hong kong, and until its acquisition of the chongqing property, held. Total revenue was 2% below our forecast, primarily driven by lowerthanexpected income from the malls. Full investment portfolio of relevant investments at 31 march 2020. New century real estate investment trust 1275 hk final 2014. Manager of investment and sales, general manager of xian vanke.
Since its introduction in asia at the turn of the millennium, the reit market in the region has experienced. View hui xian ngs profile on linkedin, the worlds largest professional community. Hui xian reit company facts, information and stock details by marketwatch. New century real estate investment trust 1275 hk final. Hong kong including stock price, stock chart, company news, key statistics, fundamentals and company profile. Refers to the average yield of all stocks listed in hk which have dividend paid in the past year.
When it launched its ipo in 2011, its main asset is oriental plaza, a business park in beijing. Asset management limited which is the manager of hui xian reit. It is the first product listed on the hong kong stock exchange denominated in yuan. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by ft and is not intended to be relied upon by users in making or refraining from making any specific investment or other decisions. Hui xian real estate investment trust is a hong kongbased real estate investment trust reit. The trust aims to start trading on april 29 and management is scheduled to.
Its free to post and participate in hui xian reits discussion. Hui xian reit is the first rmbdenominated reit listed in hong kong. This offering circular is being sent at your request and by accepting the. The directors of shl as at the date of this offering circular are ms. The development of real estate investment trusts reits. Hui xian real estate investment trust pursuant to deal chongqing vendor has conditionally agreed to. Briefing retail sector december 2016 savills world research xian summary 2h2016 saw acceleration in the expansion of cosmetics and skincare brands in the citys prime retail projects. In 20, switzerland based ubs has made an offering of investment in private equity fund in china which can be termed as a prereit fund. Golden flower hotel, xian and gain on disposal of interest in an. They contend most of the investors seem to be having problem differentiating reit against the more well. Its asset is its investment in hui xian bvi, which in turn holds hui xian investment limited, the foreign joint venture partner of beijing oriental plaza co. They contend most of the investors seem to be having problem. Briefhui xian reit updates on proposed acquistions of chongqing hotel and chengdu hotel. Cromwell european reit circular dated 30 october 2018 independent financial adviser to the independent directors and.
Briefhui xian reit updates on proposed acquistions of. The discrepancy in net property income versus our forecast. Rmb followon fund raising in hong kong media workshop. These materials have been solely prepared by new century real estate investment trust the new century reit and the reit manager solely for informational purposes and may not be taken away, reproduced, redistributed or passed on, directly or indirectly, to any other person whether within or. According to a statements by the companies involved, cheung kong holdings and hutchison whampoa both holding companies belonging to li agreed to sell the metropolitan plaza complex in the western chinese city to hui xian real estate investment trust. The reits low gearing and recent acquisition of metropolitan plaza provides potential for dpu accretion. Apr 05, 2011 hui xian reit is offering two billion units at 5. Lower share of profit of associates and joint ventures, net of tax as fy2015 had included the acquisition fee recorded by hui xian asset management limited in relation to hui xian reits acquisition of metropolitan oriental plaza in chongqing, china 10% growth in adjusted net profit financial highlights fy2016 fy2015 change revenue. View daily, weekly or monthly format back to when hui xian reit stock was issued. The development of real estate investment trusts reits in. Regal reit a hong kong collective investment scheme authorized under section 104 of the securities and futures ordinance chapter 571 of the laws of hong kong. Stock analysis for hui xian real estate investment trust 87001. Reit to incentiv ise real estate companies to consider the instrument. Islamic reits characteristicsformed as a trust and closeended.
Hui xian real estate investment trust engages in owning and investing in commercial properties. According to the huizhou transaction circular, spring reit intends to invest in the. The following applies to the offering circular following. Bop holds the land use right and building ownership rights of beijing. If you are in any doubt about the contents of this offering circular, you shall seek. These two new regulations provide an important channel allowing rmb proceeds raised in hong kong to flow back into china. Jan 09, 2017 brief hui xian reit updates on proposed acquistions of chongqing hotel and chengdu hotel. The trust aims to start trading on april 29 and management is scheduled to meet investors next week to market the ipo, they said. Reit hui xian reit ipo rmb bond rmb reit other rmb products rmb equity 18 aug 2011 announcement of. Apr 08, 2011 hui xian reit, the property flagship controlled by hong kong billionaire li kashing, has set an indicative range for its initial public offering pricing of a yield of 4 percent to 4. For hui xian reit, the reit manager at time of ipo was a joint venture between. The objectives of the reit are to produce stable and sustainable distributions to unitholders and to achieve longterm growth in the net asset value per unit by owning and investing in commercial properties. Hui xian reit, an associate, and received distributions in the total. Hui xian reit will be first rmbdenominated reit listed in hong kong.
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