RED HOT ! FIRST REIT RECEIVRD LOI FROM SILOAM TENANT TO ACQUIRE ITS HOSPITALS

SPOT_ON
01-13

$First Reit(AW9U.SI)$  

FIrst REIT says it has received a "preliminary non-binding letter of intent" from PT Siloam International Hospitals to acquire its portfolio of hospital assets in Indonesia.


MASSIVE UNLOCKING OF SHAREHOLDERS VALUE !!!


Siloam is the existing tenant and operator of these hospital assets and is majority-owned and controlled by a fund managed by CVC Capital Partners.


Besides the hospitals in Indonesia, First REIT owns nursing homes in Singapore and Japan as well.


According to First REIT, it is undertaking a strategic review to assess the LOI and explore all strategic options.


"Through the strategic review, the board is committed to undertaking a rigorous process to consider all options relating to the business of First REIT, which may include but are not limited to, exploration of joint ventures, strategic partnerships, asset acquisitions and/or asset divestments, with a view to delivering sustainable long-term value for First REIT’s unitholders," says First REIT.


First REIT has appointed Citigroup Global Markets Singapore to assist in conducting the review.

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Comment（13）

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  • khorsoo
    ·01-15
    TOP
    sold off at 27c. maybe buy back once it drops to 25.5c. right now, there is too much speculation. make money from the news first. 1st will surely sell. the review is just wayang.
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  • AyKing
    ·01-15
    TOP
    Any idea where they will invest in if First REIT sold off their portfolio?
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    • SPOT_ON: 
      at least the forward direction of first reit management is to diversify away from the majority Indonesia focused assets into other territories..
      01-15
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  • Barcode
    ·01-14
    What’s your 🎯 SO? Cheers, BC 🍀🍀🍀
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    • SPOT_ON: 
      with 9% dividend yield... no sweat
      01-15
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  • SPOT_ON
    ·01-14

    Let's hope to see any rocket

    @Barcode @AyKing 

    @Buffett Investment Tracker  

    @AyKing  

    @Terra Incognita  

    @jace0777  

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  • SPOT_ON
    ·01-14
    upon completion... first reit will be flushed with cash !!
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  • SPOT_ON
    ·01-14

    LOAD UP FOR ROCKET 

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  • SPOT_ON
    ·01-20 10:44
    Great article, would you like to share it?
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  • SPOT_ON
    ·01-15
    [Like]
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  • SPOT_ON
    ·01-15
    Great article, would you like to share it?
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