Latest Comments
Glossary Of Accounting & Finance Terms-Alphabet D 2
Robert Goldsmith, Sridhar
Accounting Treatment & Work Flow on Write Off Bad Debts and Provision for Doubtful Debts 8
mujeeb, mujeeb, Jocelyn [...]
Indian Enron : The USD1 Billion Accounting Fraud At Satyam 1
Bluma
Before The Investment Appraisal And The Criteria of a Good Investment Appraisal Technique Or Method 1
Lakshman Dayasiri
Financial Ratio on Assessing The Liquidity Of A Company 1
jennifer
Bonus Issue – Illustration And Accounting Treatment ( Part 2 of 2) 1
veni
Robert Goldsmith, Sridhar
Accounting Treatment & Work Flow on Write Off Bad Debts and Provision for Doubtful Debts 8
mujeeb, mujeeb, Jocelyn [...]
Indian Enron : The USD1 Billion Accounting Fraud At Satyam 1
Bluma
Before The Investment Appraisal And The Criteria of a Good Investment Appraisal Technique Or Method 1
Lakshman Dayasiri
Financial Ratio on Assessing The Liquidity Of A Company 1
jennifer
Bonus Issue – Illustration And Accounting Treatment ( Part 2 of 2) 1
veni
Meta
Recent Trend of Sale And Leaseback Deals Involving Listed Companies
Published by slang July 15th, 2006 in Financial Strategy, Sources of Financing, TREASURY SECTIONAs discussed in my earlier articles on Sale & Leaseback or REIT, there are many reasons for such disposal which includes
• focusing on its core competencies;
• cash strap hence getting cheaper & larger funding to provide for working capital
• improving fixed assets utilization;
• realized gain from disposal of fixed assets;
• disposal of non-core fixed assets;
• interest saving as proceeds used to repay hefty debts;
• provides fund for bigger expansion;
• the ability to sell off core assets and at the end of the period still able to retain the assets ( clauses provided in the sale and leaseback arrangement)
| Seller/Business | Buyer | Date Announced | Property | Indicative Price (Rm mil) |
| Advance Synergy ( Diverse) | Amanah Raya Bhd | 13/12/05 | 3 hotels in Alor Star, Cherating & Langkawi | 99.87 |
| Seal Inc (Diverse) | Amanah Raya Bhd | 23/12/05 | Selayang Mall Shopping Centre | 120 |
| Aeon Co (M) (Retailer) | Equity Nirvana Sdn.Bhd | 28/12/05 | Kinta City Shopping Centre | 121 |
| C.I.Holdings (Manufacturer) | Amanah Raya Bhd | 18/1/06 | Industrial leasehold land with buildings in Bandar Baru Bangi | 23 |
| SEG International ( Education) | Amanah Raya Bhd | 21/2/06 | (i) SEGI College, Subang Jaya (ii) 2 commercial buildings in Serdang |
48.3 19 |
| AIC Corp (Manufacturer) | Amanah Raya Bhd | 9/3/06 | Leasehold land with offices & factories in Shah Alam | 19 |
| Silver Bird Group (Manufacturer) | Amanah Raya Bhd | 27/3/06 | Main manufacturing facility in Shah Alam | 93.1 |
| Tamadam Bonded Warehouse (Warehouse & distribution) | Amanah Raya Bhd | 28/3/06 | Leasehold land with industrial warehouse in Klang | 31 |
If you found this post useful, keep updated with future posts by subscribing to FMAccounting (for free) through RSS or email.
Navigation
Keep Updated
Recommended
Categories
- ACCOUNTING TOPICS
- ASIA PACIFIC REGION
- BEST ACCOUNTING PRACTICES
- BUSINESS MANAGEMENT
- CORPORATE FINANCE
- FINANCE ROLE
- Financial Forecasting
- FRAUD-CAUSES/PREVENTION
- GLOSSARY
- HUMOURS/JOKES
- INTERNAL CONTROLS/AUDITS
- INTERPRETATION:ANNUAL REPORTS
- MANAGERIAL ACCOUNTING
- PERSONAL FINANCE SECTION
- Risk Management
- SUPPLY CHAIN SECTION
- TAXATION SECTION
- TREASURY SECTION
- WORKING CAPITAL
2 Responses to “Recent Trend of Sale And Leaseback Deals Involving Listed Companies”
Please Wait
Leave a Reply