<TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR class=msghead><TD><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR class=msghead><TD class=msgF width="1%" noWrap align=right>From: </TD><TD class=msgFname width="68%" noWrap>Lola (Langusta) <NOBR></NOBR> </TD><TD class=msgDate width="30%" noWrap align=right>5:01 am </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"> </TD><TD class=wintiny noWrap align=right>17700.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>Temasek's Capitaland owns 50% of Australand. Now need to ATM another $475m from Hole Jinx bitch. But we all know she have NO REGRETS getting conned by the Australians!
Aiyah regret what lah, not my money anyway! CHEY!!
<HR>Australand posts $269m loss, announces capital raising
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<!-- // .module-subheader -->Article from: Dow Jones Newswires
AUSTRALAND Holdings said today it was launching a seven-for-10 entitlement offer to raise $475 million.
The Sydney-based group said the offer would be pitched at 40 cents per new stapled security and will consist of institutional and retail components.
Australand said the raising was not expected to affect control of the group by Singapore's CapitaLand, which it said had confirmed it planned to subscribe for its full entitlement and would continue to hold about 59.27 per cent of the group.
The company last traded at 50c a share.
Australand also announced a net loss of $268.8m for the year ended June 30, compared with a net profit of $25.5m a year before.
Operating profit before unrealised property revaluation losses and development inventory impairments was down 11 per cent to $60m.
Revenue fell 29 per cent to $311.3m from $436m.
Australand will pay an interim distribution of 3c a unit.
<HR>
Joint Lead Managers, Bookrunners and Underwriters:
J.P. Morgan Australia Limited and UBS AG, Australia Branch (“JLMs”)
Issuer:
Australand Holdings Limited (ACN 008 443 696), Australand Property Limited (ACN 105 462 137) as responsible entity of Australand Property Trust (ARSN 106 680 424) and Australand Investments Limited (ACN 086 673 092) as responsible entity of Australand Property Trust No. 4 (ARSN 108 254 413) and Australand Property Trust No. 5 (ARSN 108 254 771) (together “Australand Property Group”)
Ticker:
ALZ.AU (listed on ASX) Australand Property Group is also listed on the Singapore Exchange (APG.SP)
Securities Offered:
New fully paid stapled securities in the Australand Property Group (“New Securities”)
Offer Structure:
Accelerated Non-Renounceable Pro-Rata Entitlement Offer of 7 New Securities for every 10 Existing Securities held as at the Record Date (7:00pm, Thursday 30 July 2009) to raise approximately A$475 million
Offer Price:
Fixed price offering at A$0.40 per New Security
20.0% discount to last close (A$0.50) (Friday, 24 July 2009)
12.8% discount to Theoretical Ex-Rights Price (TERP) (A$0.46)
43.5% discount to pro forma NTA
Ranking :
The New Securities rank pari passu with existing securities from allotment. The New Securities will not rank for the distribution for the half year ending 30 June 2009.
Use of Proceeds:
Net proceeds from the equity raising will be used to strengthen the balance sheet, provider greater flexibility to restructure debt facilities and allow greater capital allocation to investments
Timetable :
Bids close in Floats : 11:45am (AEST) Tuesday, 28 July 2009
Trading Resumes (T): Wednesday, 29 July 2009
Settlement (T+8): Tuesday, 11 August 2009
Institutional Allotment and trading: Wednesday, 12 August 2009
Fees 0.5%
INSTITUTIONAL OFFER DETAILS:
Offer Size:
Approx. 950 million New Securities , Approx. A$380 million
Institutional Offer:
Under the Institutional Entitlement Offer, eligible institutional securityholders are entitled to take up all or part of their pro rata entitlement of 7 New Securities for every 10 Existing Securities held by that securityholder at 7:00pm (AEST) Thursday, 30 July 2009 (the “Record Date”) at the Offer Price and to apply for New Securities in excess of their entitlement. Furthermore, additional New Securities equal in number to: (i) those not taken up by eligible institutional securityholders under the Institutional Entitlement Offer and (ii) those which would otherwise have been offered to ineligible institutional securityholders had they been entitled to participate in the Institutional Entitlement Offer will be offered to certain institutional investors, including eligible institutional securityholders, at the Offer Price via an institutional bookbuild as part of the Institutional Offer.
Retail Offer Details:
Retail Offer:
In addition, the Retail Entitlement Offer will offer Eligible Retail Securityholders approximately 238 million New Securities to raise up to A$95 million. The Retail Entitlement Offer is fully underwritten. Eligible Retail Securityholders may also apply for New Securities in excess of their entitlement (“Additional New Securities”) up to a threshold amount for each Eligible Retail Securityholder, which is calculated as the greater of 100,000 New Securities or one times the Eligible Retail Securityholder’s entitlement under the Retail Entitlement Offer. Any New Securities in excess of entitlements will be limited to the extent that there are sufficient New Securities from (i) Eligible Retail Securityholders who do not take up their full entitlements or (ii) New Securities that would otherwise have been offered to Ineligible Retail Securityholders had they been entitled to participate in the offer. Any scaleback of applications for additional New Securities will be on a pro rata basis to the amount of valid applications.
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Aiyah regret what lah, not my money anyway! CHEY!!
<!-- START Dummy ad code - real code to be inserted instead. -->
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<!-- END Story Header Block --><!-- //.content-1 --><!-- Story Toolbar--><!-- // .article-tools --><!-- End Story Toolbar-->UPDATE: Alex Wilson | July 27, 2009
<!-- // .module-subheader -->Article from: Dow Jones Newswires
AUSTRALAND Holdings said today it was launching a seven-for-10 entitlement offer to raise $475 million.
The Sydney-based group said the offer would be pitched at 40 cents per new stapled security and will consist of institutional and retail components.
Australand said the raising was not expected to affect control of the group by Singapore's CapitaLand, which it said had confirmed it planned to subscribe for its full entitlement and would continue to hold about 59.27 per cent of the group.
The company last traded at 50c a share.
Australand also announced a net loss of $268.8m for the year ended June 30, compared with a net profit of $25.5m a year before.
Operating profit before unrealised property revaluation losses and development inventory impairments was down 11 per cent to $60m.
Revenue fell 29 per cent to $311.3m from $436m.
Australand will pay an interim distribution of 3c a unit.
<HR>
Joint Lead Managers, Bookrunners and Underwriters:
J.P. Morgan Australia Limited and UBS AG, Australia Branch (“JLMs”)
Issuer:
Australand Holdings Limited (ACN 008 443 696), Australand Property Limited (ACN 105 462 137) as responsible entity of Australand Property Trust (ARSN 106 680 424) and Australand Investments Limited (ACN 086 673 092) as responsible entity of Australand Property Trust No. 4 (ARSN 108 254 413) and Australand Property Trust No. 5 (ARSN 108 254 771) (together “Australand Property Group”)
Ticker:
ALZ.AU (listed on ASX) Australand Property Group is also listed on the Singapore Exchange (APG.SP)
Securities Offered:
New fully paid stapled securities in the Australand Property Group (“New Securities”)
Offer Structure:
Accelerated Non-Renounceable Pro-Rata Entitlement Offer of 7 New Securities for every 10 Existing Securities held as at the Record Date (7:00pm, Thursday 30 July 2009) to raise approximately A$475 million
Offer Price:
Fixed price offering at A$0.40 per New Security
20.0% discount to last close (A$0.50) (Friday, 24 July 2009)
12.8% discount to Theoretical Ex-Rights Price (TERP) (A$0.46)
43.5% discount to pro forma NTA
Ranking :
The New Securities rank pari passu with existing securities from allotment. The New Securities will not rank for the distribution for the half year ending 30 June 2009.
Use of Proceeds:
Net proceeds from the equity raising will be used to strengthen the balance sheet, provider greater flexibility to restructure debt facilities and allow greater capital allocation to investments
Timetable :
Bids close in Floats : 11:45am (AEST) Tuesday, 28 July 2009
Trading Resumes (T): Wednesday, 29 July 2009
Settlement (T+8): Tuesday, 11 August 2009
Institutional Allotment and trading: Wednesday, 12 August 2009
Fees 0.5%
INSTITUTIONAL OFFER DETAILS:
Offer Size:
Approx. 950 million New Securities , Approx. A$380 million
Institutional Offer:
Under the Institutional Entitlement Offer, eligible institutional securityholders are entitled to take up all or part of their pro rata entitlement of 7 New Securities for every 10 Existing Securities held by that securityholder at 7:00pm (AEST) Thursday, 30 July 2009 (the “Record Date”) at the Offer Price and to apply for New Securities in excess of their entitlement. Furthermore, additional New Securities equal in number to: (i) those not taken up by eligible institutional securityholders under the Institutional Entitlement Offer and (ii) those which would otherwise have been offered to ineligible institutional securityholders had they been entitled to participate in the Institutional Entitlement Offer will be offered to certain institutional investors, including eligible institutional securityholders, at the Offer Price via an institutional bookbuild as part of the Institutional Offer.
Retail Offer Details:
Retail Offer:
In addition, the Retail Entitlement Offer will offer Eligible Retail Securityholders approximately 238 million New Securities to raise up to A$95 million. The Retail Entitlement Offer is fully underwritten. Eligible Retail Securityholders may also apply for New Securities in excess of their entitlement (“Additional New Securities”) up to a threshold amount for each Eligible Retail Securityholder, which is calculated as the greater of 100,000 New Securities or one times the Eligible Retail Securityholder’s entitlement under the Retail Entitlement Offer. Any New Securities in excess of entitlements will be limited to the extent that there are sufficient New Securities from (i) Eligible Retail Securityholders who do not take up their full entitlements or (ii) New Securities that would otherwise have been offered to Ineligible Retail Securityholders had they been entitled to participate in the offer. Any scaleback of applications for additional New Securities will be on a pro rata basis to the amount of valid applications.
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