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January
- CMT gave notice of interest to purchase IMM Building.
- Higher valuations for Junction 8, Tampines Mall and Funan The
IT Mall resulted in revaluation surplus of S$15.9 million for
2002.
- CMT appointed Mr David Wong Chin Huat, Senior Partner of Ramdas
& Wong, as an independent director.
- CMT announced S$25.0 million distribution income and a DPU of
3.38 cents for the period 16 July to 31 December 2002. This exceeded
the IPO forecast by 8.4 percent.
February
- Payment of DPU of 3.38 cents for the period 16 July to 31 December
2002.
March
- Commencement of enhancement works at Tampines Mall.
April
- CMT reported S$13.6 million distribution income for the 1st
quarter of 2003. This exceeded forecast by 5.0 percent.
May
- Phase 1 enhancement works at Junction 8 commenced.
- Approval granted at unitholders’ Extraordinary General Meeting
(EGM) for the acquisition of IMM Building.
June
- CMT announced a revised DPU forecast of 8.04 cents per unit
for June to December 2003 and 8.14 cents per unit for 2004 after
the acquisition of IMM Building.
- Standard & Poor’s Ratings Services affirmed its ‘A-’ long-term
rating on CMT, following unitholders’ approval of the proposed
acquisition of IMM Building.
- CMT issued 119.8 million new units at S$1.07 per unit through
an Automated Teller Machine (ATM) offering, a private placement
and a preferential offering to part finance the acquisition of
IMM Building.
- public ATM offering of 30 million new units fully taken up within
7 hours
- private placement 28 times subscribed
July
- CMT announced S$26.8 million distribution income and a DPU of
3.62 cents for the period 1 January to 25 June 2003. This exceeded
the forecast by 4.3 percent.
- Payment of DPU of 3.62 cents for the period 1 January to 25
June 2003.
- Repositioning exercise at Funan The IT Mall commenced.
September
- CMT was offered the right of first refusal by CapitaLand Commercial
Limited (CCL) to buy Lot One Shoppers’ Mall.
- CMT proposed to invest up to S$60 million (30 percent stake)
in the junior bonds issued by CRS, a private fund set up to act
as “incubator” for the following three malls: Bukit Panjang Plaza,
Rivervale Mall and Lot One Shoppers’ Mall.
October
- CMT reported S$19.2 million distribution income for the 3rd
quarter of 2003. This exceeded forecast by 4.7 percent.
- IMM’s asset enhancement programme received provisional planning
approval from the Urban Redevelopment Authority (URA) of Singapore.
- CMT was awarded the Silver prize in Singapore Technologies’
ST Innovation Award 2003.
- CMT participated in the Enterprise Exchange Exhibition of the
Global Entrepolis @ Singapore 2003, organised by the Singapore
Economic Development Board.
November
- Standard & Poor’s Ratings Services affirmed CMT’s ‘A-’ rating.
- Completion of Phase 1 enhancement works at basement 1 of Junction
8.
December
- CMT received approval from Jurong Town Corporation (JTC) for
the upfront payment of land premium for IMM Building.
- CMT announced a revised DPU forecast of 8.59 cents for 2004
after incorporating the investment in CRS and the upfront payment
of land premium for IMM Building.
- CMT issued 45 million new units at S$1.33 per unit, to finance
an investment of S$58.0 million in the Class E Bonds issued by
CRS.
- public ATM offering of 23 million new units fully taken up within
two and a half hours
- private placement of 22 million units fully taken up
- CMT invests S$58.0 million (27.2 percent stake) in Class E Bonds
(equity tranche) issued by CRS.
- Completion of asset enhancement works at level 1 of Tampines
Mall.
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Asset enhancement works
commence at Junction 8
CMT acquired IMM Building in June 2003
Global Entrepolis @ Singapore 2003 exhibition
New food kiosks at Junction 8 basement 1
Rivervale Mall
Bukit Panjang Plaza
Lot One Shoppers’ Mall
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