PERIOD IN BRIEF
1 “Initial Acquisition” refers to the Proposed Initial Acquisition as defined in the Circular to Shareholders dated 18 September 2014.
2 “Compulsory Acquisition” refers to the acquisition of all of the units in PCRT held by the dissenting unitholders pursuant to the Business Trusts Act,
Chapter 31A of Singapore.
3 “Deferred Beijing Acquisition” refers to the proposed acquisition in relation to Beijing Tongzhou Integrated Development Phase 1 and Phase 2.
1 JULY TO 9 OCTOBER 2014
A Reverse Takeover (“
RTO
”) of St. James Holdings
Limited (“
St. James
”), an entertainment business listed
on Catalist of Singapore Exchange Securities Trading
Limited (the “
SGX-ST
”), was undertaken by Perennial
Real Estate Holdings Pte. Ltd. and other vendors through
the injection of real estate assets and businesses.
10 OCTOBER 2014
Successfully convened an Extraordinary General Meeting
(“
EGM
”) with all of the resolutions pertaining to the RTO
approved.
26 DECEMBER 2014
Listing transferred from Catalist to the Mainboard of SGX-ST.
22 JANUARY 2015
Established a S$2 billion Multicurrency Debt Issuance
Programme.
30 JANUARY 2015
Syndicated a consortium of investors to acquire AXA
Tower, a 50-storey landmark Grade 'A' office development
with a retail podium in Singapore at an agreed property
price of S$1.17 billion with Perennial acquiring an equity
interest of 31.2%.
27 OCTOBER 2014
Completed the Initial Acquisition
1
under the RTO.
St. James was renamed as Perennial Real Estate
Holdings Limited (“
Perennial
”).
28 OCTOBER 2014
Commenced business as an integrated real estate owner,
developer and manager with a new Board of Directors
and management team.
10 NOVEMBER 2014
Launched Voluntary Offer (“
VO
”) to acquire the remaining
Units in Perennial China Retail Trust (“
PCRT
”) listed on
the Mainboard of the SGX-ST.
5 FEBRUARY 2015
PCRT was delisted from the Mainboard following the
completion of the VO and Compulsory Acquisition
2
.
16 MARCH 2015
Issued S$100 million 4.25% Notes due 2018 under its
S$2 billion Multicurrency Debt Issuance Programme.
12
PERENNIAL REAL ESTATE HOLDINGS LIMITED
Annual Report 2015
