Suntec Real Estate Investment Trust

T82U

SG1Q52922370

Commercial REITs

Market Closed - Singapore S.E. Other stock markets 05:04:27 2024-04-24 am EDT			5-day change	1st Jan Change
1.1 ^SGD	+0.92%		+0.92%	-10.57%

Mar. 13	Suntec Real Estate Investment Trust Announces Nominating and Remuneration Committee Changes	CI
Jan. 26	CGS-CIMB Research Adjusts Suntec REIT's Price Target to SG$1.29 From SG$1.25, Keeps at Hold	MT

Suntec Real Estate Investment Trust : Resignation of Chief Executive Officer and Executive Director

October 31, 2018 at 07:28 am EDT

10/31/2018

Change - Announcement of Cessation::RESIGNATION OF CHIEF EXECUTIVE OFFICER AND EXECUTIVE DIRECTOR

Issuer & Securities

Issuer/ Manager	ARA TRUST MANAGEMENT (SUNTEC) LIMITED
Securities	SUNTEC REAL ESTATE INV TRUST - SG1Q52922370 - T82U
Stapled Security	No

Announcement Details

Announcement Title	Change - Announcement of Cessation
Date & Time of Broadcast	31-Oct-2018 17:55:55
Status	New
Announcement Sub Title	RESIGNATION OF CHIEF EXECUTIVE OFFICER AND EXECUTIVE DIRECTOR
Announcement Reference	SG181031OTHRA3GM
Submitted By (Co./ Ind. Name)	Chan Kong Leong
Designation	Director
Description (Please provide a detailed description of the event in the box below)	Resignation of Chief Executive Officer and Executive Director.

Additional Details

Name Of Person

Age

Chan Kong Leong 46

Is effective date of cessation known?

If yes, please provide the date

Yes 31/12/2018

Detailed Reason (s) for cessation

Mr Chan Kong Leong ("Mr Chan") would relinquish his role as Chief Executive Officer and Executive Director of the Manager. The Board would like to thank Mr Chan for his invaluable contributions and wish him success in his future endeavours.

Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?

Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?

Any other relevant information to be provided to shareholders of the listed issuer?

Date of Appointment to current position

Does the AC have a minimum of 3 members (taking into account this cessation)?

Number of Independent Directors currently resident in Singapore (taking into account this cessation)

Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months

Mr Chan is responsible for the performance and direction of Suntec REIT. He leads his team of managers to achieve the key mission of creating, adding and delivering premium value to all stakeholders of Suntec REIT.

Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries

NIL

Shareholding interest in the listed issuer and its subsidiaries?

Yes

Shareholding Details

176000 units

Past (for the last 5 years)

Please refer to Annexure A

Present

ARA Trust Management (Suntec) Limited One Raffles Quay Pte Ltd

Comina Investment Limited Suntec Harmony Pte. Ltd. Harmony Investors Group Limited Harmony Partners Investments Limited BFC Development LLP

Suntec REIT MTN Pte Ltd Suntec REIT Capital Pte Ltd Park Mall Pte. Ltd.

Suntec (PM) Pte. Ltd. Park Mall Holdings Limited Park Mall Investment Limited

Attachments

Annexure A- List of past directorships for the last 5 years.pdf

Total size =91K

Annexure A

Mr Chan Kong Leong

- List of past directorships for the last 5 years.

1. CapitaRetail (Beijing) Investment Consulting Co., Ltd.
2. Shanghai Bifeng Real Estate Development Co., Ltd. (China)
3. Shanghai Yuefeng Real Estate Development Co., Ltd. (China)
4. CapitaRetail China Developments (B) Pte. Ltd. (Barbados)
5. Radiant II Pte. Ltd. (Singapore)
6. Crystal I Pte. Ltd. (Singapore)
7. CapitaRetail China Investments N2 (HK) Limited (Hong Kong)
8. Farsighted International Limited (Hong Kong)
9. Reach All Limited (Hong Kong)
10. Upper Great Limited (Hong Kong)
11. CapitaRetail China Developments WH (HK) Limited (Hong Kong)
12. CapitaRetail China Developments D20 (HK) Limited (Hong Kong)
13. Bright Honest Group Limited (Hong Kong)
14. Reknown City Holdings Limited (British Virgin Islands)
15. CMA China III Pte. Ltd. (Singapore)
16. Fast Action Investments Limited (Hong Kong)
17. Giant Castle Investments Limited (Hong Kong)
18. Gold Achiever Limited (British Virgin Islands)
19. Navin Holdings Limited (British Virgin Islands)
20. Progressive Alliance Holdings Limited (British Virgin Islands)
21. Exuberant Holdings Limited (British Virgin Islands)
22. CMCD III Wuhan Pte. Ltd. (Singapore)
23. CapitaLand Retail China Pte. Ltd. (Singapore)
24. CapitaRetail China Investments Pte. Ltd. (Singapore)
25. CMA China II Pte. Ltd. (Singapore)
26. CMA China II (BVI) Holdings Limited (British Virgin Islands)
27. CapitaRetail China Developments (BVI) Limited (British Virgin Islands)
28. CapitaRetail China Developments II (BVI) Limited (British Virgin Islands)
29. CapitaRetail China Investments (BVI) Limited (British Virgin Islands)
30. Gold Brocade Investments Limited (Hong Kong)
31. CMA Asset Investment Pte. Ltd. (Singapore)
32. CapitaLand Retail India Pte. Ltd. (Singapore)
33. CapitaLand Retail India Investments Pte. Ltd. (Singapore)
34. CapitaLand India Fund Management Pte. Ltd. (Singapore)
35. CapitaRetail India Development Fund Mauritius Investments (Singapore) Pte. Ltd. (Singapore)
36. CMIDF Bangalore Forum Value Mall (Singapore) Pte. Ltd. (Singapore)
37. CMIDF Cochin Mall (Singapore) Pte. Ltd. (Singapore)
38. CMIDF Jalandhar Mall (Singapore) Pte. Ltd. (Singapore)
39. CMIDF Hyderabad Mall (Singapore) Pte. Ltd. (Singapore)
40. CMIDF Mangalore Mall (Singapore) Pte. Ltd. (Singapore)
41. CMIDF Mysore Mall (Singapore) Pte. Ltd. (Singapore)
42. CMIDF Nagpur Mall (Singapore) Pte. Ltd. (Singapore)
43. CMIDF Whitefield Mall (Singapore) Pte. Ltd. (Singapore)
44. CMIDF Udaipur Mall (Singapore) Pte. Ltd. (Singapore)
45. CapitaRetail Hyderabad Mall (Mauritius) Limited (Mauritius)
46. CapitaRetail Jalandhar Mall (Mauritius) Limited (Mauritius)
47. CapitaRetail Mangalore Mall (Mauritius) Limited (Mauritius)
48. CapitaRetail Mysore Mall (Mauritius) Limited (Mauritius)
49. CapitaRetail Nagpur Mall (Mauritius) Limited (Mauritius)
50. CapitaLand Retail Property Management India Private Limited (India)
51. CapitaLand Retail Prestige Mall Management Private Limited (India)
52. Flicker Projects Private Limited (India)
53. Nunlet Projects Private Limited (India)
54. Francolin Infrastructure Private Limited (India)
55. Prestige Garden Constructions Private Limited (India)
56. Prestige Mangalore Retail Ventures Private Limited (India)
57. Prestige Mysore Retail Ventures Private Limited (India)

58. Prestige Whitefield Investment and Developers Private Limited (India)
59. CMA Vivit Investment Pte. Ltd. (Singapore)
60. Horizon Realty Fund, LLC (Mauritius)
61. CAPITASTAR PTE. LTD. (Singapore)
62. CMA Excellence Pte. Ltd. (Singapore)
63. Pidemco Land Singapore Pte. Ltd. (Singapore)
64. CapitaMalls Japan Fund Pte. Ltd. (Singapore)

Attachments

Original document
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Disclaimer

Suntec Real Estate Investment Trust published this content on 31 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 31 October 2018 11:27:09 UTC

Latest news about Suntec Real Estate Investment Trust

Suntec Real Estate Investment Trust Announces Nominating and Remuneration Committee Changes	Mar. 13	CI
CGS-CIMB Research Adjusts Suntec REIT's Price Target to SG$1.29 From SG$1.25, Keeps at Hold	Jan. 26	MT
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Suntec Real Estate Investment Trust Announces Distribution for the Period from 1 October 2023 to 31 December 2023, Payable on 28 February 2024	Jan. 23	CI
Suntec Real Estate Investment Trust Reports Earnings Results for the Full Year Ended December 31, 2023	Jan. 23	CI
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Suntec REIT's DPU Drops 14% in Q3	23-10-23	MT
Suntec Real Estate Investment Trust Announces Distribution for the Period of 1 July 2023 to September 30, 2023, Payable on November 29, 2023	23-10-20	CI
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Suntec Real Estate Investment Trust Announces Resignation of Jeffrey David Perlman as Non-Executive Director, Effective August 30, 2023	23-08-30	CI
Maybank Securities Adjusts Suntec REIT's Price Target to SG$1.30 From SG$1.35, Keeps at Hold	23-07-28	MT
Suntec REIT's DPU Falls 27.7% in H1	23-07-26	MT
Suntec Real Estate Investment Trust Announces Distribution for the Period of 1 April 2023 to 30 June 2023, Payable on 29 August 2023	23-07-25	CI
Suntec Real Estate Investment Trust Reports Earnings Results for the Half Year Ended June 30, 2023	23-07-25	CI
CGS-CIMB Research Adjusts Suntec REIT's Price Target to SG$1.48 From SG$1.39, Keeps at Hold	23-05-01	MT
DBS Downgrades Suntec REIT to Hold From Buy, Adjusts Price Target to SG$1.48 From SG$1.60	23-05-01	MT
Singapore Stocks Remain in Red; Frasers Centrepoint Trust Shares Slip 2% as Fiscal H1 DPU Inches Down	23-04-26	MT
Suntec REIT's DPU Plummets 27% in Q1	23-04-26	MT

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Company Profile

Suntec Real Estate Investment Trust is a Singapore-based real estate investment trust (REIT). The principal activity of the Company and its subsidiaries is to invest in income-producing real estate and real estate-related assets, which are used or substantially used for commercial purposes, with the primary objective of achieving an attractive level of return from rental income and long-term capital growth. It owns Suntec City Mall, which comprises approximately 815,000 square feet of net lettable area and certain office units in Suntec Towers One, Two, and Three and the whole of Suntec Towers Four and Five, which form part of the integrated commercial development, Suntec City. The property portfolio also comprises approximately 66.3% interest in Suntec Singapore Convention & Exhibition Centre and approximately 143,000 square feet of net lettable area of Suntec City Mall (Suntec Singapore). The Company is managed by ARA Trust Management (Suntec) Limited.

Sector

Commercial REITs

Calendar

2024-04-24 - Q1 2024 Earnings Release

More about the company

Income Statement Evolution

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Ratings for Suntec Real Estate Investment Trust

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

1.09 SGD

Average target price

1.205 SGD

Spread / Average Target

+10.55%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

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