Perennial China Retail Trust

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Perennial China Retail Trust (“PCRT”) is Singapore’s first pure-play People’s Republic of China (“PRC”) retail development trust. Listed on the Main Board of the Singapore Exchange Securities Trading Limited (“SGX-ST”) on 9 June 2011, PCRT has a market capitalisation of approximately S$583.3 million as at 30 March 2012 and an asset size of approximately S$1.2 billion (approximately RMB6.2 billion) valued on an “as if complete and fully leased” basis as at 31 December 2011.

The initial portfolio comprises a 50.0% interest in each of Shenyang Red Star Macalline Furniture Mall, Shenyang Longemont Shopping Mall and the Shenyang Longemont Offices, a 100.0% registrable interest in Foshan Yicui Shijia Shopping Mall and the right to acquire a 100.0% interest in Chengdu Qingyang Guanghua Shopping Mall. In addition, PCRT will acquire an interest of at least 50.0% (and up to 80.0%) in Chengdu Longemont Shopping Mall Development (with the approval granted by Unitholders in respect of such acquisition at the Extraordinary General Meeting held on 13 February 2012).

PCRT has secured a strong pipeline of projects which include the option to invest in prime commercial development sites which are directly connected to high speed railway stations in Chengdu and Xi’an, and a right of first refusal to invest in a similar high speed railway commercial development site in Changsha.

PCRT aims to provide its Unitholders with sustainable total returns from the steady growth of PCRT’s net asset value per unit and regular distributions from stabilised income-producing assets. PCRT is sponsored by Perennial Real Estate Pte. Ltd. and is managed by Perennial China Retail Trust Management Pte. Ltd.

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SGX Symbol: N9LU
Currency: SGD
Last Done: 0.480
Volume ('000): 146
Change: +0.010
% Change: 2.1
Day's Range: 0.475 - 0.480
52 Weeks' Range: 0.385 - 0.665
Updated: 17 May 2012 17:04
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