Notice of Valuation of Real Assets::ASSET VALUATION

Issuer & Securities

Issuer/ Manager
EC WORLD ASSET MANAGEMENT PTE LTD
Securities
EC WORLD REIT - SG1DA7000003 - BWCU
Stapled Security
No

Announcement Details

Announcement Title
Notice of Valuation of Real Assets
Date &Time of Broadcast
01-Mar-2018 19:16:54
Status
New
Announcement Sub Title
ASSET VALUATION
Announcement Reference
SG180301OTHRUA8O
Submitted By (Co./ Ind. Name)
Goh Toh Sim
Designation
Executive Director & Acting CEO
Description (Please provide a detailed description of the event in the box below)
Please refer to the file attached on revision to announcement on asset valuation released on 5 February 2018 (Announcement Reference: SG180205OTHR227R).

Sponsor's Statement:
DBS Bank Ltd. was the sole financial adviser, global coordinator and issue manager for the initial public offering of EC World REIT. DBS Bank Ltd., Bank of China Limited, Singapore Branch, China International Capital Corporation (Singapore) Pte. Limited and Maybank Kim Eng Securities Pte. Ltd. were the joint bookrunners and underwriters for the initial public offering of EC World REIT.

Additional Details

Valuation Details
Date of Valuation
Name of the Valuer
Description of Property
Valuation Currency
Valuation Amount
31/12/2017Savills Real Estate Valuation (Guangzhou) Limited - Shanghai BranchChongxian Port InvestmentYuan Renminbi2,218,000,000
31/12/2017Savills Real Estate Valuation (Guangzhou) Limited - Shanghai BranchChongxian Port LogisticsYuan Renminbi854,000,000
31/12/2017Savills Real Estate Valuation (Guangzhou) Limited - Shanghai BranchFu Zhuo IndustrialYuan Renminbi114,000,000
31/12/2017Savills Real Estate Valuation (Guangzhou) Limited - Shanghai BranchThe Stage 1 Properties of Bei Gang LogisticsYuan Renminbi1,296,000,000
31/12/2017Savills Real Estate Valuation (Guangzhou) Limited - Shanghai BranchFu Heng WarehouseYuan Renminbi577,000,000
31/12/2017Savills Real Estate Valuation (Guangzhou) Limited - Shanghai BranchHengde LogisticsYuan Renminbi1,463,000,000
Valuation of Reports available for inspection at address during office hours
8 Shenton Way, #37-03 AXA Tower, Singapore 068811
Reports available till date
04/05/2018

Attachments