Interested Person Transaction::Joint venture with CapitaLand and Mitsubishi Estate Co., Ltd. to redevelop Golden Shoe Car Park

Issuer & Securities

Issuer/ Manager
CAPITALAND COMMERCIAL TRUST MANAGEMENT LIMITED
Securities
CAPITALAND COMMERCIAL TRUST - SG1P32918333 - C61U
Stapled Security
No

Announcement Details

Announcement Title
Interested Person Transaction
Date &Time of Broadcast
13-Jul-2017 06:38:10
Status
New
Announcement Sub Title
Joint venture with CapitaLand and Mitsubishi Estate Co., Ltd. to redevelop Golden Shoe Car Park
Announcement Reference
SG170713OTHRQ2PR
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:
1. News release jointly issued by CapitaLand Limited, CapitaLand Commercial Trust Management Limited (CCTML), the manager of CapitaLand Commercial Trust (CCT) and Mitsubishi Estate Co., Ltd.;
2. Announcement issued by CCTML for CCT; and
3. Presentation slides issued by CCTML for CCT.

CCT will hold a briefing regarding the redevelopment of Golden Shoe Car Park for the analysts and media at 10.30 am today. A "LIVE" webcast will be available for viewing at www.cct.com.sg.

Additional Details

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.

Attachments

NewsRelease_CL_CCT_MEC_jointventure_GSCP_13Jul2017.pdf
CCT_Redevelopment_GoldenShoeCarPark_final_13Jul2017.pdf
CCT_presentation_redevelopment_GSCP_13Jul2017.pdf
Total size =3046K