CITY DEVELOPMENTS LIMITED General Announcement::Announcements by COL Hospitality Trusts, an associate of ...
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General Announcement::Announcements by CDL Hospitality Trusts, an associate of Millennium & Copthorne Hotels plc
Issuer & Securities
Issuer/ Manager
CITY DEVELOPMENTS LIMITED
Securities CITY DEVELOPMENTS LIMITED - SG1R89002252 - C09
Stapled Security No
Announcement Details
Announcement Title
General Announcement
Date & Time of Broadcast 29-Jul-2016 07:47:09
Status New
Announcement Sub Title Announcements by CDL Hospitality Trusts, an associate of Millennium & Copthorne Hotels plc
Announcement Reference SG160729OTHR436U
Submitted By (Co./ Ind. Name) Enid Ling Peek Fong
Designation Company Secretary
CDL Hospitality Trusts, an associate of Millennium & Copthorne Hotels plc, has released the following announcements to Singapore Exchange Securities Trading Limited on 29 July 2016:-
Unaudited Financial Statements Announcement of CDL Hospitality Trusts, H-REIT and its Subsidiaries and
HBT and its Subsidiaries for the Second Quarter and Six Months ended 30 June 2016 and
Press Release on "CDL Hospitality Trusts Reports Total Distribution of S$22.1 Million for 2Q 2016"
Description (Please provide a detailed description of the event in the box below)
Presentation Slides for the Unaudited Results for the Second Quarter and Six Months ended 30 June 2016
Payment of Management Fee by way of Issue of Stapled Securities in CDL Hospitality Trusts
Notice of Books Closure and Distribution Payment Date
Disclosure of Change of Interest for Trustee-Manager or Responsible Person in respect of
changes in its interest in securities (Form 6)
For details, please refer to the announcements posted by CDL Hospitality Trusts on the SGX website, www.sgx.com.
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Financial Statements and Related Announcement::Half Yearly Results
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Financial Statements and Related Announcement::Half Yearly Results Issuer & Securities
Issuer/ Manager
M&C REIT MANAGEMENT LIMITED
Securities CDL HOSPITALITY TRUSTS - SG1T66931158 - J85
Stapled Security Yes
Other Issuer(s) for Stapled Security
Name
DBS TRUSTEE LIMITED
Announcement Details
Announcement Title
Financial Statements and Related Announcement
Date & Time of Broadcast 29-Jul-2016 07:23:23
Status New
Announcement Sub Title Half Yearly Results
Announcement Reference SG160729OTHRJ3U8
Submitted By (Co./ Ind. Name) Enid Ling Peek Fong
Designation Company Secretary
Description (Please provide a detailed description of the event in the box below - Refer to the Online help for the format)
Please refer to the attached documents:
Unaudited Financial Statements Announcement of CDL Hospitality Trusts, H-REIT and its Subsidiaries and HBT and its Subsidiaries for the Second 0uarter and Six Months ended 30 June 2016; and
Press Release on "CDL Hospitality Trusts Reports Total Distribution of S$22.1 Million for 20 2016".
Additional Details
For Financial Period Ended
30/06/2016
Attachments
Announcement 20 2016 - Final.pdf
Press Release 20 2016 - Final.pdf Total size =1489K
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CDL HOSPITALITY TRUSTS UNAUDITED FINANCIAL STATEMENTS ANNOUNCEMENT OF CDL HOSPITALITY TRUSTS, H-REIT AND ITS SUBSIDIARIES AND HBT AND ITS SUBSIDIARIES FOR THE SECOND QUARTER AND SIX MONTHS ENDED 30 JUNE 2016TABLE OF CONTENTS
INTRODUCTION
Page
1
SUMMARY OF CDL HOSPITALITY TRUSTS' RESULTS
2
1(a)
STATEMENTS OF TOTAL RETURN AND STATEMENTS OF COMPREHENSIVE INCOME
3 - 8
1(b)(i)
STATEMENTS OF FINANCIAL POSITION
9 - 10
1(b)(ii)
AGGREGATE AMOUNT OF GROUP'S BORROWINGS AND DEBT SECURITIES
11 - 12
1(c)
STATEMENTS OF CASH FLOWS
13 - 15
1(d)
STATEMENT OF MOVEMENTS IN STAPLED SECURITYHOLDERS' FUNDS
16 - 20
1(e)
DETAILS OF ANY CHANGES IN THE STAPLED SECURITIES
21
2
AUDIT STATEMENT
22
3
AUDITORS' REPORT
22
4
ACCOUNTING POLICIES
22
5
CHANGES IN ACCOUNTING POLICIES
22
6
EARNINGS PER STAPLED SECURITY AND DISTRIBUTION PER STAPLED SECURITY
22 - 23
7
NET ASSET VALUE PER UNIT
23
8
REVIEW OF PERFORMANCE
24 - 30
9
VARIANCE BETWEEN FORECAST OR PROSPECTUS STATEMENT AND ACTUAL
30
10
OUTLOOK AND PROSPECTS
31
11
DISTRIBUTIONS
32 - 33
12
DISTRIBUTION STATEMENT
33
13
GENERAL MANDATE RELATING TO INTERESTED PERSON TRANSACTIONS
33
14
CONFIRMATION PURSUANT TO RULE 705(5) OF THE LISTING MANUAL
34
15
CONFIRMATION PURSUANT TO RULE 720(1) OF THE LISTING MANUAL
34
A stapled group comprising:
CDL HOSPITALITY REAL ESTATE INVESTMENT TRUST AND ITS SUBSIDIARIES
(a real estate investment trust constituted on 8 June 2006 under the laws of the Republic of Singapore)
and
CDL HOSPITALITY BUSINESS TRUST AND ITS SUBSIDIARIES
(a business trust constituted on 12 June 2006 under the laws of the Republic of Singapore)
CDL HOSPITALITY TRUSTS UNAUDITED FINANCIAL STATEMENTS ANNOUNCEMENT OF CDL HOSPITALITY TRUSTS, H-REIT AND ITS SUBSIDIARIES AND HBT AND ITS SUBSIDIARIES FOR THE SECOND QUARTER AND SIX MONTHS ENDED 30 JUNE 2016INTRODUCTION
CDL Hospitality Trusts is a stapled group comprising CDL Hospitality Real Estate Investment Trust ("H-REIT"), a real estate investment trust, and CDL Hospitality Business Trust ("HBT"), a business trust. CDL Hospitality Trusts was listed on the Singapore Exchange Securities Trading Limited ("SGX") on 19 July 2006.
The H-REIT Units and HBT Units are stapled together under the terms of a stapling deed dated 12 June 2006 entered into between M&C REIT Management Limited (the "H-REIT Manager"), DBS Trustee Limited (the "H-REIT Trustee") and M&C Business Trust Management Limited (the "HBT Trustee-Manager") and cannot be traded separately.
H-REIT, the first hotel real estate investment trust in Singapore, is established with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of income-producing real estate which is primarily used for hospitality and/or hospitality-related purposes, whether wholly or partially, and real estate-related assets in relation to the foregoing.
As of 30 June 2016, owns 15 hotels, two resorts and a retail mall comprising a total of 4,911 rooms. The properties under CDLHT's portfolio include:
six hotels in the gateway city of Singapore comprising Orchard Hotel, Grand Copthorne Waterfront Hotel, M Hotel, Copthorne King's Hotel, Novotel Singapore Clarke Quay and Studio M Hotel (collectively, the "Singapore Hotels"), as well as a shopping arcade adjoining Orchard Hotel (Claymore Connect);
five hotels in Brisbane and Perth, Australia, comprising Novotel Brisbane, Mercure Brisbane, Ibis Brisbane, Mercure Perth and Ibis Perth (collectively, the "Australia Hotels");
two hotels in Japan's gateway city of Tokyo, comprising Hotel MyStays Asakusabashi and Hotel MyStays Kamata, (collectively, the "Japan Hotels");
one hotel in New Zealand's gateway city of Auckland, namely Rendezvous Hotel Auckland (the "New Zealand Hotel");
one hotel in Cambridge, United Kingdom, namely Hilton Cambridge City Centre (the "UK Hotel"); and
two resorts in Maldives comprising Angsana Velavaru and Jumeirah Dhevanafushi, (collectively, the "Maldives Resorts").
In December 2013, the HBT Trustee-Manager activated the HBT. In addition to the acquisition of Jumeirah Dhevanafushi in December 2013, HBT has through its indirectly wholly-owned subsidiary, AKO GK also become the master lessee following the acquisition of the Japan Hotels by H-REIT's indirectly-owned subsidiary in December 2014. In addition to its function as a master lessee, HBT may also undertake certain hospitality and hospitality-related development projects, acquisitions and investments which may not be suitable for H-REIT.
On 1 October 2015, HBT through its indirectly wholly-owned subsidiary, CDL HBT Cambridge City (UK) Ltd acquired Hilton Cambridge City Centre through the acquisition of 100% of the issued share capital of CDL HBT Cambridge City Hotel (UK) Ltd.
CDLHT's distribution policy is to distribute at least 90.0% of its taxable income and of its tax exempt income (if any), with the actual level of distribution to be determined at the H-REIT Manager's and HBT Trustee-Manager's discretion. CDLHT makes distributions to stapled securityholders on a semi-annual basis, with the amount calculated as at 30 June and 31 December each year for the six-month period ending on each of the said dates. Distributions, when paid, will be in Singapore dollars.
1
CDL - City Developments Ltd. published this content on 29 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 July 2016 00:51:02 UTC.
Original documenthttp://media.corporate-ir.net/media_files/IROL/60/60774/0729-CDL-CDLHT-2Q-Announcements.pdf
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