|Announcement Title||Interested Person Transaction|
|Date & Time of Broadcast||Jul 13, 2017 6:38|
|Announcement Sub Title||Joint venture with CapitaLand and Mitsubishi Estate Co., Ltd. to redevelop Golden Shoe Car Park|
|Submitted By (Co./ Ind. Name)||Toh Su Jin Jason|
|Designation||Company Secretary, CapitaLand Commercial Trust Management Limited|
|Description (Please provide a detailed description of the event in the box below)||
The following attached items on the above matter, are for information:
|Interested Person Details||
CapitaLand Limited (CapitaLand), has an aggregate interest of approximately 31.88% of the total number of units in issue in CapitaLand Commercial Trust (CCT), and is therefore regarded as a "controlling unitholder" of CCT under both the listing manual of the SGX-ST (the Listing Manual) and Appendix 6 of the Code on Collective Investment Schemes (the Property Funds Appendix). In addition, as CapitaLand Commercial Trust Management Limited, the manager of CCT (the Manager), is a wholly owned subsidiary of CapitaLand, CapitaLand is regarded as a "controlling shareholder" of the Manager under both the Listing Manual and the Property Funds Appendix.
Glory Office Pte. Ltd. (GOPL) and Glory SR Pte. Ltd. (GSPL) are wholly owned subsidiaries of CapitaLand, and for the purposes of Chapter 9 of the Listing Manual and the Property Funds Appendix, each of GOPL and GSPL (being a subsidiary of a "controlling unitholder" of CCT and a "controlling shareholder" of the Manager) is (for the purpose of the Listing Manual) an "interested person" and (for the purpose of the Property Funds Appendix) an "interested party" of CCT.
Therefore, the entry into the Joint Venture Agreements by CCT with GOPL and GSPL and the subscriptions for units in Glory Office Trust and Glory SR Trust by GOPL and GSPL, respectively, constitutes "interested person transactions" (IPT) and "interested party transactions" under Chapter 9 of the Listing Manual and the Property Funds Appendix respectively. The entry into the Joint Venture Agreement by CCT with MEA Commercial Holdings Pte. Ltd. (MEACH) and the subscription for units in Glory Office Trust and Glory SR Trust by MEACH is neither an IPT under Chapter 9 of the Listing Manual nor an interested party transaction under the Property Funds Appendix.
|“You are welcome to view the presentation and question & answer session which will be webcast 'LIVE' from 10.30 am today, 13 July 2017.”|