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CHAIRMAN’S STATEMENT
Introduction I
am pleased to present the results for Treasury China Trust for the six months to 31 December 2010, which reflects the first year end reporting cycle since our listing in Singapore in June 2010.
By year end, TCT had consolidated its position as a leading player in China’s fast maturing commercial real estate landscape through the delivery of a strong operational result, whilst committing to further balance sheet growth underpinned by a December 2010 equity raising that was substantially over-subscribed.
This has enabled TCT to deliver on its commitment of S$0.05 (5 cents) per unit distribution for the six months to 31 December 2010. Furthermore, it ensures that the commitment by your board in October 2010, to distribute a minimum of S$0.10 (10 cents) per unit for the 2011 financial year will be fulfilled.
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