Yuexiu REIT ने गुआंगज़ौ झू जियांग न्यू टाउन CBD के कोर जिले में लैंडमार्क बिल्डिंग Yuexiu Financial Tower का अधिग्रहण करने का प्रस्ताव रखा है

हाँग काँग, 15 नवंबर, 2021 - (ACN Newswire) - Yuexiu Real Estate Investment Trust (“Yuexiu REIT”, together with Yuexiu REIT Asset Management Limited, is referred to as the “Fund”, HKEX stock code: 00405) announced on 24 October 2021 that, it has proposed to acquire, from Yuexiu Property Company Limited (“Yuexiu Property”, HKEX stock code: 00123), Yuexiu Financial Tower, located in the core district of Guangzhou Tianhe District Central Business District (“CBD”), Zhu Jiang New Town (“ZJNT”). The Circular has been published on the website of the Hong Kong Stock Exchange and dispatched to unitholders today.

लेनदेन पर प्रकाश डाला गया:
— On 24 October 2021, Yuexiu REIT announced that it proposed to acquire Yuexiu Financial Tower from Yuexiu Property (HKEX stock code: 00123) at a consideration of approximately RMB7,800 million. The Circular is despatched on 13 November 2021.

— Proposed to fund the acquisition consideration by three ways: (i) approximately HKD992 million shall be paid from internal resources; (ii) approximately HKD3,919 million shall be paid from the net proceeds of the rights issue; (iii) up to HKD4,600 million shall be paid from amounts drawn down under the New Bank Facility.

— Rights Issue Plan: to raise the net proceed of approximately HKD3,919 million (net proceeds to be raised after expenses) on the basis of 37 rights issue units for every 100 existing units by issuing up to1,234.4 million rights issue units at the price of HKD3.20 per rights issue unit.

— Special Distribution: upon completion of the acquisition, the Manager intends to declare a special distribution to unitholders whose names appear on the register of unitholders as at the special distribution record date (being 9 December 2021), the amount of the special distribution being approx. RMB85 million, or RMB0.0255 per unit.

— Extraordinary general meeting for unitholders will be held in Novotel Century Hong Kong on 6 December 2021 at 10:30 am.

अधिग्रहण की मुख्य विशेषताएं:

— Yuexiu Financial Tower, located in the core district of Guangzhou Zhu Jiang New Town CBD, is an approximately 309-metres tall, scarce landmark building. It is one of the ten tallest skyscrapers in Guangzhou, with superior connectivity and accessibility to the several existing and under construction metro lines and automated people mover system. This acquisition will facilitate Yuexiu REIT to be the largest by valuation among the PRC portfolio owned by Hong Kong and Singapore listed REITs.

— Upon the completion of acquisition and reverse merger, it would result in an increase of DPU by approximately 3.4% and an increase of DPU Yield from 6.68% to 7.16%.

— The transaction price of Yuexiu Financial Tower is only RMB45,829/m2, which is significantly lower than the transaction price of RMB61,500/m2 of the recent comparable transaction of “Zhuguang Tancun project”, this implies a potential for capital appreciation and valuation enhancement of Yuexiu REIT’s portfolio.

— This top-tier international Grade A office project has won two Platinum Certification green building awards from LEED and WELL, with its strategic location and advanced facilities, attracted many high-quality tenants across various industries, including 14 Fortune Global 500 enterprises. This property achieved stable operating performance under COVID-19 pandemic, it achieved an average occupancy rate of 92.5% for the 9 months ended 30 September 2021.

— The pro forma revenue generated by Yuexiu Financial Tower for the six months ended 30 June 2021, would increase Yuexiu REIT’s portfolio revenue by approximately 24% for the same period. This property was completed in 2015, and is entering into its second leasing cycle, which implies that the rent has further potential room for adjustment. The scarcity of office space in the core district of Zhu Jiang New Town, added with the robust economic growth brought by the relevant policies of Greater Bay Area and One Belt One Road, will fuel the growth of this property.

— This acquisition will reduce Yuexiu REIT’s reliance from Guangzhou International Finance Center (“Guangzhou IFC”), the contribution from Guangzhou IFC to Yuexiu REIT’s total portfolio in terms of property valuation is expected to reduce from approximately 54% to approximately 44%, it may create potential synergies and cross promotional opportunities between Guangzhou IFC and the property, which are in proximity to each other.

— This acquisition will increase the market capitalisation of Yuexiu REIT and enhance the overall liquidity of the fund units, and financing capability of Yuexiu REIT in the open capital market.

— The proportion of gross floor area of office properties in Yuexiu REIT’s portfolio will increase from 68% to 73%, while the average age of the properties in its portfolio will reduce from14.2 years to 13.4 years.

यह अधिग्रहण 6 दिसंबर 2021 को सुबह 10:30 बजे नोवोटेल सेंचुरी हांगकांग में होने वाली असाधारण आम बैठक में स्वतंत्र यूनिटहोल्डर्स द्वारा अनुमोदन के अधीन है। अधिग्रहण के पूरा होने पर, यूएक्सियू आरईआईटी को हांगकांग और सिंगापुर में सूचीबद्ध आरईआईटी के स्वामित्व वाले पीआरसी पोर्टफोलियो के बीच मूल्यांकन के हिसाब से सबसे बड़ा होने की उम्मीद है।

Mr. Lin Deliang, Chairman, Executive Director and CEO of Yuexiu REIT, said, “Yuexiu Financial Tower is a top-tier international Grade A office building. With such structure being scarce in the core district of Guangzhou ZJNT CBD, this acquisition can add an important landmark asset to Yuexiu REIT. This acquisition allows us to capture Greater Bay Area and Guangzhou’s robust economic fundamentals and growing commercial property market, optimize and enlarge Yuexiu REIT’s property portfolio, and generate a long-term and stable source of income. Upon completion of the acquisition, Yuexiu REIT is expected to increase its pro forma distribution per unit (“DPU”) by approximately 3.4%. We also intend to declare a special distribution of approximately RMB0.0255 per unit.”

अधिग्रहण और राइट्स इश्यू 6 जून 30 को समाप्त 2021 महीनों के लिए सकारात्मक प्रो फॉर्मा वित्तीय प्रभाव लाएगा:
अधिग्रहण और राइट्स इश्यू के पूरा होने से पहले /
अधिग्रहण और राइट्स इश्यू के पूरा होने के बाद लेकिन रिवर्स मर्जर के पूरा होने से पहले /
अधिग्रहण के पूरा होने के बाद, राइट्स इश्यू और रिवर्स मर्जर

Distributable Income (RMB’000): 340,221 471,500 483,186
Issued Fund Units (‘000): 3,336,224 4,579,505 4,579,505
डीपीयू (आरएमबी): 0.1020 0.1030 0.1055
डीपीयू यील्ड: 6.68% 6.99% 7.16%

The above table illustrates the pro forma financial effects of the acquisition and the rights issue on the DPU and DPU Yield for the 6 months ended 30 June 2021 based on the unaudited pro forma financial information of the enlarged group as set out in Appendix 4 to the Circular, as if: (i) the acquisition and the rights issue were all completed on 1 January 2021 and Yuexiu REIT had held and operated the property through to 30 June 2021 under the holding structure set out in section 4.2 headed “Holding Structure of the Property and Reverse Merger – Expected holding structure of the Property as at the Acquisition Completion Date” in the Circular, but the reverse merger does not complete during such period; and (ii) in addition to (i), the reverse merger was completed on 1 January 2021 and Yuexiu REIT therefore alternatively held and operated the property through to 30 June 2021 under the holding structure set out in section 4.3 headed “Holding Structure of the Property and Reverse Merger – Reverse Merger” in the Circular.

The pro forma revenue generated by Yuexiu Financial Tower for the six months ended 30 June 2021, would increase Yuexiu REIT’s portfolio revenue by 24% for the same period. Also, the transaction price of Yuexiu Financial Tower is only RMB45,829 per square metre, which is significantly lower than the transaction price of RMB61,500 per square metre of the recent comparable transaction of “Zhuguang Tancun project”, this implies a potential for capital appreciation and valuation enhancement of Yuexiu REIT’s portfolio. The proportion of gross floor area of office properties, which performance appears to be more stable during the COVID-19 pandemic in Yuexiu REIT’s portfolio will also increase from 68% to 73%, while the average age of the properties in its portfolio will reduce from 14.2 years to13.4 years.

Yuexiu Financial Tower, प्रस्तावित अधिग्रहण लक्ष्य, एक अंतरराष्ट्रीय ग्रेड A कार्यालय भवन है, जो कि ZJNT CBD के मुख्य जिले में स्थित गुआंगज़ौ में दस सबसे ऊंचे गगनचुंबी इमारतों में से एक है, और यह एकमात्र गुआंगज़ौ कार्यालय भवन भी है जिसमें स्थापित हेलीपैड है। गुआंगज़ौ, शेन्ज़ेन और झुहाई को जोड़ने वाले हेलीकॉप्टर मार्ग। गुआंगझोउ में तियानहे जिले के झुजियांग ईस्ट एवेन्यू, नंबर 28 में स्थित, इसका कुल सकल फर्श क्षेत्र 210,282.94 वर्ग मीटर है और इसमें 68-मंजिला ऊपर-जमीन वाणिज्यिक कार्यालय भवन शामिल है (जिसमें 4-मंजिला खुदरा घटक और 64- मंजिला कार्यालय घटक) और 4 भूमिगत कारपार्क रिक्त स्थान का 827 मंजिला बेसमेंट। यह सुविधाजनक परिवहन के साथ एक रणनीतिक परिवहन केंद्र में स्थित है और कई प्रमुख मेट्रो लाइनों के निकट है।

वर्तमान में, इसने वित्त, व्यापार सेवाओं, संपत्ति, सूचना प्रौद्योगिकी और विनिर्माण, साथ ही 14 फॉर्च्यून ग्लोबल 500 उद्यमों सहित विभिन्न उद्योगों में कई उच्च गुणवत्ता वाले स्थानीय और अंतरराष्ट्रीय कंपनी किरायेदारों को आकर्षित किया है। इसके अलावा, इसने 92.5 सितंबर 9 को समाप्त 30 महीनों के लिए 2021% की औसत अधिभोग दर हासिल की।

30 सितंबर 2021 तक, Yuexiu Financial Tower के कार्यालय घटक का किराया लगभग RMB199.3 प्रति वर्ग मीटर प्रति माह था। उसी जिले में तुलनीय अंतरराष्ट्रीय ग्रेड ए कार्यालय भवनों का औसत किराया 218 की दूसरी तिमाही में आरएमबी2021 प्रति वर्ग मीटर प्रति माह था। बाजार सलाहकार रिपोर्ट के मुताबिक, जेडजेएनटी के मुख्य क्षेत्र में अंतरराष्ट्रीय ग्रेड ए कार्यालय स्थान की किराये की दर 3.2 से 4.4 के बीच 2022% से 2025% तक लगातार बढ़ने की उम्मीद है, जिसका मुख्य कारण अगले चार वर्षों में क्षेत्र में कार्यालय की जगह की कमी है। उस समय में, ZJNT लीजिंग मार्केट में वित्तीय सेवा कंपनियों और हाई-एंड सेवा कंपनियों के लिए पहली पसंद होगी, और ZJNT को सर्वश्रेष्ठ लीज प्रदर्शन का आनंद लेने की उम्मीद है।

Yuexiu Financial Tower and Yuexiu REIT’s Guangzhou International Finance Center are in close proximity to each other, which enables the realization of various synergies. Upon completion of the acquisition, the greater portfolio size will create a stronger platform to attract well-established domestic and multinational corporations (including Fortune Global 500 enterprises and China’s Top 500 Enterprises), spread operating costs over a larger portfolio, and achieve greater operating synergies resulting from the economies of scale.

सहमत अधिग्रहण राशि लगभग RMB7,800 मिलियन है। प्रबंधक निम्नलिखित तरीके से अधिग्रहण पर विचार करने का इरादा रखता है: (i) लगभग HKD992 मिलियन (लगभग RMB826 मिलियन के बराबर) का भुगतान Yuexiu REIT के आंतरिक संसाधनों से किया जाएगा; (ii) राइट्स इश्यू की शुद्ध आय से लगभग HKD3,919 मिलियन (लगभग RMB3,261 मिलियन के बराबर) का भुगतान किया जाएगा; (iii) नई बैंक सुविधा के तहत आहरित राशि से HKD4,600 मिलियन (लगभग RMB3,828 मिलियन के बराबर) का भुगतान किया जाएगा।

For this financing plan, Yuexiu REIT adopts a mixed financing structure (financed by both debt and equity), in line with the interests of the unitholders, on one hand this can effectively control the Fund’s gearing ratio after the acquisition, on the other hand rights issue enables unitholders to have equal opportunities to tap on the Fund’s growth, and meanwhile to increase the market capitalisation and enhance the overall liquidity of the fund units, broaden the unitholder base of Yuexiu REIT.

राइट्स इश्यू प्लान के लिए, Yuexiu REIT ने कीमत पर 3,919 मिलियन राइट्स इश्यू यूनिट्स जारी करके प्रत्येक 37 मौजूदा यूनिट्स के लिए 100 राइट्स इश्यू यूनिट्स के आधार पर लगभग HKD1,234.4 मिलियन (खर्चों के बाद जुटाई जाने वाली शुद्ध आय) जुटाने का प्रस्ताव किया है। HKD3.20 प्रति राइट्स इश्यू यूनिट।

24 अक्टूबर 2021 को, मैनेजर और प्लेसिंग एजेंट्स (DBS Asia Capital Limited, BOCI Asia Limited, China International Capital Corporation Hong Kong Securities Limited, Haitong International Securities Company Limited, और Yu Xiu Securities Company Limited सहित) ने प्लेसिंग एग्रीमेंट किया। अधिकतम 730,822,457 प्‍लेसिंग इकाइयाँ, जिनका प्‍लेसिंग मूल्‍य राइट्स इश्यू सब्सक्रिप्शन मूल्य से कम नहीं होगा।

Yuexiu संपत्ति और Yuexiu REIT एक इंटरैक्टिव पूंजी पुनर्चक्रण मॉडल के माध्यम से विकास को बढ़ावा देने की दीर्घकालिक रणनीति के लिए प्रतिबद्ध हैं। जहां Yuexiu संपत्ति गुणवत्ता वाले वाणिज्यिक निवेश गुणों के विकास और ऊष्मायन के लिए मंच के रूप में कार्य करती है, Yuexiu REIT यह निर्धारित करने के लिए लाभों का मूल्यांकन करेगी कि संपत्ति पोर्टफोलियो का विस्तार और अनुकूलन करने के लिए ऐसी निवेश संपत्तियों का अधिग्रहण करना है या नहीं। इस मॉडल के माध्यम से, Yuexiu REIT ने Yuexiu संपत्ति द्वारा विकसित कई उच्च-गुणवत्ता वाली व्यावसायिक संपत्तियों का क्रमिक रूप से अधिग्रहण किया है, जैसे कि गुआंगज़ौ IFC (2012), वुहान संपत्ति (2017) और हांग्जो संपत्ति (2018)।

अधिग्रहण के पूरा होने पर, गियरिंग अनुपात 38.8 जून 30 को 2021% से बढ़कर 41.0% होने की उम्मीद है।

अधिग्रहण के पूरा होने पर, प्रबंधक उन यूनिटधारकों को एक विशेष वितरण घोषित करने का इरादा रखता है जिनके नाम विशेष वितरण रिकॉर्ड तिथि (9 दिसंबर 2021) के रूप में यूनिटधारकों के रजिस्टर में दिखाई देते हैं, विशेष वितरण की राशि लगभग आरएमबी 85 मिलियन है, या आरएमबी0.0255 प्रति यूनिट। अधिग्रहण के पूरा होने के 30 व्यावसायिक दिनों के भीतर विशेष वितरण की घोषणा और भुगतान किया जाएगा।

अधिक जानकारी के लिए, कृपया 12 नवंबर 2021 को Yuexiu REIT द्वारा बनाया गया परिपत्र देखें।

Yuexiu REIT . के बारे में
Yuexiu Real Estate Investment Trust (“Yuexiu REIT”, HKEX stock code: 00405) was listed on the Stock Exchange of Hong Kong Limited on 21 December 2005. It is the first listed real estate investment trust in the world investing in properties on the mainland of the People’s Republic of China. Yuexiu REIT’s property portfolio consists of eight high-quality properties including Guangzhou International Finance Center, White Horse Building, Fortune Plaza, City Development Plaza, Victory Plaza, Shanghai Yue Xiu Tower, and Wuhan Properties (including “Wuhan Yuexiu Fortune Centre”, “Starry Victoria Shopping Centre” and certain Carpark Spaces) and Hangzhou Victory, with a total area of ownership of approximately 973,000 square metres. http://www.yuexiureit.com/en/.

अधिग्रहण और राइट्स इश्यू के लिए अपेक्षित समय सारिणी:

घटना / तिथि और समय
– Despatch of the Circular with notice and form of proxy for the EGM / Saturday, 13 November 2021
– Latest date and time for lodging transfer documents of Units to qualify for the attendance and voting at the EGM / 4:30 p.m. on Monday, 29 November 2021
– Closure of register of Unitholders / Tuesday, 30 November 2021 to Monday, 6 December 2021 (both days inclusive)
– Latest date and time for lodging proxy forms for the EGM / 10:30 a.m. on Saturday, 4 December 2021
– EGM Record Date / Monday, 6 December 2021
– Expected date and time of the EGM; and Announcement of poll results of the EGM / 10:30 a.m. on Monday, 6 December 2021
– Register of Unitholders re-opens / Tuesday, 7 December 2021

यदि ईजीएम में मांगी गई मंजूरी प्राप्त हो जाती है:

– Last day of dealings in the Units on a cum-entitlement basis relating to the Special Distribution / Tuesday, 7 December 2021
– Commencement of dealings in the Units on an ex-entitlement basis relating to the Special Distribution / Wednesday, 8 December 2021
– Last day of dealings in the Units on a cum-rights basis relating to the Rights Issue / Thursday, 9 December 2021
– Latest date and time for the Unitholders to lodge transfer documents of Units to qualify for the Special Distribution / 4:30 p.m. on Thursday, 9 December 2021
– Special Distribution Record Date / Thursday, 9 December 2021
– Commencement of dealings in the Units on an ex-rights basis relating to the Rights Issue / Friday, 10 December 2021
– Latest date and time for the Unitholders to lodge transfer documents of Units in order to qualify for the Rights Issue / 4:30 p.m. on Monday, 13 December 2021
– Closure of register of Unitholders for determination of entitlements to the Rights Issue / Tuesday, 14 December 2021 to Thursday, 16 December 2021 (both days inclusive)
– Rights Issue Record Date / Thursday, 16 December 2021
– Register of Unitholders re-opens / Friday, 17 December 2021
– Despatch date of the Rights Issue Offering Documents (in the case of the Rights Issue Non-Qualifying Unitholders, the Rights Issue Offering Circular only) / Friday, 17 December 2021
– First day of dealings in nil-paid Rights Issue Units / Tuesday, 21 December 2021
– Latest date and time for splitting nil-paid Rights Issue Units / 4:30 p.m. on Tuesday, 28 December 2021
– Last day of dealings in nil-paid Rights Issue Units / Friday, 31 December 2021
– Latest date and time for acceptance and payment for Rights Issue Units (being the Latest Time for Acceptance) / 4:30 p.m. on Wednesday, 5 January 2022
– Latest date and time for the termination of the Placing Agreement and for the Rights Issue to become unconditional / 4:00 p.m. on Thursday, 6 January 2022
– Announcement of the number of Placing Units / Friday, 7 January 2022
– Commencement and latest date and time for placing of Placing Units by the Placing Agents / Monday, 10 January 2022 to 4:00 p.m. on Tuesday, 18 January 2022
– Announcement of allotment results of the Rights Issue (including results of placing of Placing Units) / Wednesday, 19 January 2022
– Latest date for dispatching refund cheques (if the Rights Issue does not become unconditional) / Tuesday, 25 January 2022
– Latest date for dispatching certificates for fully paid Rights Issue Units and completion of placing of Placing Units to take place on or around (if the Rights Issue becomes unconditional) / Tuesday, 25 January 2022
– Commencement of dealings in fully-paid Rights Issue Units including any Placing Units / Wednesday, 26 January 2022 at 9:00 a.m.
– Acquisition Completion / Expected to be any date after the Rights Issue Offering Circular Despatch Date (but no later than 10 Business Days after the fulfilment and/or waiver (where applicable) of the conditions of Acquisition Completion, or such other date agreed by the relevant parties in writing)
– Declaration and payment of Special Distribution / Within 30 Business Days after Acquisition Completion

https://www.acnnewswire.com/pdf/documents/Yuexiu_REIT_ACNnewswire_EN.pdf

This press release refers to the circular published by Yuexiu REIT dated 12 November 2021 in relation to the proposed acquisition of Yuexiu Financial Tower (the “Circular”). Unless defined otherwise, capitalized terms in this letter shall have the same respective meanings as defined in the Circular.

विषय: प्रेस रिलीज़ सारांश
स्रोत: यूएक्सिउ रियल एस्टेट इन्वेस्टमेंट ट्रस्ट
क्षेत्र: रियल एस्टेट
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