‌$ASCENDAS INDIA TRUST(CY6U.SI-To The Moon - Tiger Brokers Online Investing Community - To The Moon

‌$ASCENDAS INDIA TRUST(CY6U.SI)$‌

ASCENDAS India Trust (a-iTrust) Ascendas-iTrust : CY6U +0.83% on Thursday (Mar 24) entered into definitive agreements to acquire a 330,000 square foot warehouse in Panvel, Navi Mumbai, for 2.2 billion rupees (S$38.7 million).

a-iTrust will acquire the recently constructed warehouse from Arshiya Group as part of a forward purchase agreement executed in July 2019, the trustee-manager said in a bourse filing.

The 2.2 billion rupee consideration comprises an upfront payment of 1.9 billion rupees and an additional deferred consideration of up to 210 million rupees to be paid over the next 4 years when certain performance milestones are achieved.

After the acquisition is completed, a-iTrust will enter into a lease agreement with Arshiya Panvel FTWZ Services to lease back the property for 6 years. Arshiya Panvel FTWZ Services will operate and manage the property and pay rent during its term.

The multi-storeyed warehouse is located in the Arshiya Free Trade Warehousing Zone (Panvel FTWZ). It sits on a land plot spanning 5.5 acres (2.2 hectares) and is the 7th warehouse to be acquired in the Panvel FTWZ after a-iTrust acquired 6 warehouses with a total area of 830,000 square feet in February 2018.

The trustee-manager has engaged CBRE South Asia to carry out an independent valuation of the property as at Mar 10. It added that the "open market value" of the warehouse is about 2.5 billion rupees.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

riffy
2022-03-24
riffy
The independent valuation of the proerty will benifit the company.
YTGIRL
2022-03-24
YTGIRL
Oversold when ASCENDAS India Trust is not even down.
gleezy
2022-03-24
gleezy
That seems a very complexd financial operation. I am confused.

Leave a comment

9

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":9037615511,"tweetId":"9037615511","gmtCreate":1648090298688,"gmtModify":1676534303177,"author":{"id":3586332566740018,"idStr":"3586332566740018","authorId":3586332566740018,"authorIdStr":"3586332566740018","name":"EML17","avatar":"https://static.tigerbbs.com/8c19fa4746bef8172209be4eb256cbdc","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":7,"crmLevelSwitch":0,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"93.49%","individualDisplayEnabled":0},"individualDisplayBadges":[],"fanSize":10,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>‌<a href=\"https://laohu8.com/S/CY6U.SI\">$ASCENDAS INDIA TRUST(CY6U.SI)$</a>‌</p><p>ASCENDAS India Trust (a-iTrust) Ascendas-iTrust : CY6U +0.83% on Thursday (Mar 24) entered into definitive agreements to acquire a 330,000 square foot warehouse in Panvel, Navi Mumbai, for 2.2 billion rupees (S$38.7 million). </p><p> </p><p>a-iTrust will acquire the recently constructed warehouse from Arshiya Group as part of a forward purchase agreement executed in July 2019, the trustee-manager said in a bourse filing. </p><p> </p><p>The 2.2 billion rupee consideration comprises an upfront payment of 1.9 billion rupees and an additional deferred consideration of up to 210 million rupees to be paid over the next 4 years when certain performance milestones are achieved. </p><p> </p><p>After the acquisition is completed, a-iTrust will enter into a lease agreement with Arshiya Panvel FTWZ Services to lease back the property for 6 years. Arshiya Panvel FTWZ Services will operate and manage the property and pay rent during its term. </p><p> </p><p>The multi-storeyed warehouse is located in the Arshiya Free Trade Warehousing Zone (Panvel FTWZ). It sits on a land plot spanning 5.5 acres (2.2 hectares) and is the 7th warehouse to be acquired in the Panvel FTWZ after a-iTrust acquired 6 warehouses with a total area of 830,000 square feet in February 2018. </p><p> </p><p>The trustee-manager has engaged CBRE South Asia to carry out an independent valuation of the property as at Mar 10. It added that the \"open market value\" of the warehouse is about 2.5 billion rupees.</p></body></html>","htmlText":"<html><head></head><body><p>‌<a href=\"https://laohu8.com/S/CY6U.SI\">$ASCENDAS INDIA TRUST(CY6U.SI)$</a>‌</p><p>ASCENDAS India Trust (a-iTrust) Ascendas-iTrust : CY6U +0.83% on Thursday (Mar 24) entered into definitive agreements to acquire a 330,000 square foot warehouse in Panvel, Navi Mumbai, for 2.2 billion rupees (S$38.7 million). </p><p> </p><p>a-iTrust will acquire the recently constructed warehouse from Arshiya Group as part of a forward purchase agreement executed in July 2019, the trustee-manager said in a bourse filing. </p><p> </p><p>The 2.2 billion rupee consideration comprises an upfront payment of 1.9 billion rupees and an additional deferred consideration of up to 210 million rupees to be paid over the next 4 years when certain performance milestones are achieved. </p><p> </p><p>After the acquisition is completed, a-iTrust will enter into a lease agreement with Arshiya Panvel FTWZ Services to lease back the property for 6 years. Arshiya Panvel FTWZ Services will operate and manage the property and pay rent during its term. </p><p> </p><p>The multi-storeyed warehouse is located in the Arshiya Free Trade Warehousing Zone (Panvel FTWZ). It sits on a land plot spanning 5.5 acres (2.2 hectares) and is the 7th warehouse to be acquired in the Panvel FTWZ after a-iTrust acquired 6 warehouses with a total area of 830,000 square feet in February 2018. </p><p> </p><p>The trustee-manager has engaged CBRE South Asia to carry out an independent valuation of the property as at Mar 10. It added that the \"open market value\" of the warehouse is about 2.5 billion rupees.</p></body></html>","text":"‌$ASCENDAS INDIA TRUST(CY6U.SI)$‌ ASCENDAS India Trust (a-iTrust) Ascendas-iTrust : CY6U +0.83% on Thursday (Mar 24) entered into definitive agreements to acquire a 330,000 square foot warehouse in Panvel, Navi Mumbai, for 2.2 billion rupees (S$38.7 million). a-iTrust will acquire the recently constructed warehouse from Arshiya Group as part of a forward purchase agreement executed in July 2019, the trustee-manager said in a bourse filing. The 2.2 billion rupee consideration comprises an upfront payment of 1.9 billion rupees and an additional deferred consideration of up to 210 million rupees to be paid over the next 4 years when certain performance milestones are achieved. After the acquisition is completed, a-iTrust will enter into a lease agreement with Arshiya Panvel FTWZ Services to lease back the property for 6 years. Arshiya Panvel FTWZ Services will operate and manage the property and pay rent during its term. The multi-storeyed warehouse is located in the Arshiya Free Trade Warehousing Zone (Panvel FTWZ). It sits on a land plot spanning 5.5 acres (2.2 hectares) and is the 7th warehouse to be acquired in the Panvel FTWZ after a-iTrust acquired 6 warehouses with a total area of 830,000 square feet in February 2018. The trustee-manager has engaged CBRE South Asia to carry out an independent valuation of the property as at Mar 10. It added that the \"open market value\" of the warehouse is about 2.5 billion rupees.","highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9037615511","repostId":0,"isVote":1,"tweetType":1,"viewCount":461,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["CY6U.SI"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1211,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":100936125,"commentId":"100936125","gmtCreate":1648090632025,"gmtModify":1663245622830,"authorId":9000000000000347,"author":{"id":9000000000000347,"idStr":"9000000000000347","authorId":9000000000000347,"name":"riffy","avatar":"https://static.tigerbbs.com/ba8aa4cb116251d941ecb460f20f465b","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9037615511,"objectIdStr":"9037615511","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"The independent valuation of the proerty will benifit the company.","text":"The independent valuation of the proerty will benifit the company.","html":"The independent valuation of the proerty will benifit the company.","likeSize":2,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":100936451,"commentId":"100936451","gmtCreate":1648092237735,"gmtModify":1663245623739,"authorId":3479274786048707,"author":{"id":3479274786048707,"idStr":"3479274786048707","authorId":3479274786048707,"name":"YTGIRL","avatar":"https://static.tigerbbs.com/075bc3e15bde527a282c42a96ff35a51","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9037615511,"objectIdStr":"9037615511","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Oversold when ASCENDAS India Trust is not even down.","text":"Oversold when ASCENDAS India Trust is not even down.","html":"Oversold when ASCENDAS India Trust is not even down.","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":100936097,"commentId":"100936097","gmtCreate":1648090490614,"gmtModify":1663245623828,"authorId":9000000000000344,"author":{"id":9000000000000344,"idStr":"9000000000000344","authorId":9000000000000344,"name":"gleezy","avatar":"https://static.tigerbbs.com/d1bbf6ac76dc4dc532d0d4d38f8eb441","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9037615511,"objectIdStr":"9037615511","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"That seems a very complexd financial operation. I am confused.","text":"That seems a very complexd financial operation. I am confused.","html":"That seems a very complexd financial operation. I am confused.","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/9037615511"}