Page 5 - SAR141018_Forterra AR 2013

FORTERRA
ANNUAL REPORT 2013
SIGNIFICANT EVENTS FOR 2013
3
FEBRUARY
• Formally launched “Forterra”
as the new corporate name and
brand identity of the Trust. The
Trustee-Manager of Forterra was
renamed from Treasury Holdings
Real Estate Pte. Ltd. to Forterra
Real Estate Pte. Ltd. accordingly.
APRIL
• Entered into a conditional
share purchase agreement with
an affiliate of The Carlyle Group
for the sale of Central Plaza in
Shanghai ’s Central Business
District for S$333.47 million.
MAY
• Announced the completion of
disposal of Central Plaza to an
affiliate of The Carlyle Group. This
resulted in strengthening of the
financial position of, and provision
of financial flexibility to Forterra
Trust.
JUNE
• Awarded “Showcase Project
of Green Construction” by China
Construction Industry Association
(“CCIA”) for The Place Phase 2 &
3 (formerly known as The HQ 2
& 3), one of the most prestigious
accolades in Chinese construction
industry recognising the excellence
achieved in all aspects of the
development process.
JULY
• Awarded the “Outstanding
China Enterprise Awards” at the
8th CAPITAL Outstanding China
Enterprise Awards by Capital
Magazine in Hong Kong. It marks
the third year that Forterra
has been recognised with this
prestigious, quality achievement
award.
• Repaid the US$15.00 million
loan to EnTie Commercial Bank of
Taiwan.
AUGUST
• Secured a head lease over an
additional 3,404 sqm of retail
space at Huai Hai Mall in Shanghai’s
Central Business District resulting
in the expansion of the total retail
GFA to 11,024 sqm for a 20+10
years lease term.
• Nan Fung, through i ts
subsidiaries, became the single
largest unitholder of Forterra
Trust through the completion of
acquisition on 28 August 2013 of
• 26.90% of the units in issue of
Forterra Trust; and
• 3.08% of units in issue
secured by certain put and
call options.
• Nan Fung, through i ts
subsidiaries, also acquired 100%
of share capital of Oriental
Management Services Ltd, which
is the sole owner of the Trustee-
Manager and Property Manager.
• Appointed Mr. Eric CHUNG
Chun Kwong and Mr. Vincent
CHEUNG Sai Sing as Non-
Executive Directors to the Board.
OCTOBER
• Appointed Mr. Eric CHUNG
Chun Kwong as Non-Executive
Chairman to the Board.
• Appointed Mr. John LIM Kok
Min, Mr. John LEE Ting Kong
and Mr. Paul CHENG Kwok Kin
as Independent Non-Executive
Directors to the Board.
NOVEMBER
• Appointed Mr. Andrew SEAH
Choo as the Chief Executive
Officer of Forterra Real Estate
Pte. Ltd., the Trustee-Manager of
Forterra Trust.
• Appointed Mr. Andrew SEAH
Choo and Mr. Nelson TANG Chun
Wai to the Board as the Executive
Di rector and Non-Execut ive
Director respectively.
DECEMBER
• Announced the expected launch
date for The Place (formerly known
as The HQ) would be in the second
half of 2014, with completion and
tenant occupancy dates for The
Place Phase 1 (formerly known as
The HQ 1) to occur in Q3 2014, and
The Place Phase 2 & 3 to follow in
Q4 2014.