The Australian property trust swung to a loss of A$59.9 million ($64.2 million) in the six months to Dec. 31, compared with net income of A$64.8 million a year earlier, the Sydney- based company said in a statement. Operating earnings, which exclude gains and losses on investments, rose 1.4 percent to A$65 million.
Charter Hall Office in August agreed to sell its U.S. assets for $1.71 billion to entities affiliated with Beacon Capital Partners, as it shifts its focus homeward and has so far received proceeds of about A$241 million from the completed sales, it said today. Shareholders are expected to receive a total of about A$1.11 a share when all the sales are completed, it said.
The trust is also the subject of a A$1.2 billion takeover bid by Government of Singapore Investment Corp. affiliate and a Canadian pension fund.
Shareholders will vote on the offer by GIC’s Reco Ambrosia Pte and The Public Sector Pension Investment Board of Canada on March 15, and will receive A$2.49 a share on or soon after the anticipated March 30 closing date, the company said today.
Charter Hall Office rose 0.1 percent to A$3.555 as of 11:12 a.m. in Sydney.
To contact the reporter on this story: Nichola Saminather in Sydney at nsaminather1@bloomberg.net
To contact the editor responsible for this story: Andreea Papuc at apapuc1@bloomberg.net
| TIME | |||||
|---|---|---|---|---|---|
| Sydney | Tokyo | Ha Noi | HongKong | LonDon | NewYork |
| Prices By NTGOLD | ||
|---|---|---|
| We Sell | We Buy | |
| 37.5g ABC Luong Bar | ||
| 5,333.50 | 4,913.50 | |
| 1oz ABC Bullion Cast Bar | ||
| 4,426.80 | 4,026.80 | |
| 100g ABC Bullion Bar | ||
| 14,205.60 | 12,905.60 | |
| 1kg ABC Bullion Silver | ||
| 1,728.40 | 1,378.40 | |
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