PCRT

Perennial China Retail Trust (PCRT)/ St James Holdings: St James made a voluntary conditional offer for PCRT at $0.70 per unit, to be satisfied via the issue of 0.5954 new shares in St James post a 50-into-1 share consolidation. Post-completion, PCRT shareholders will receive 0.5954 St James shares. Theoretically calculation for PCRT shares should be: 0.5954 * $0.071 (current px of St James) * 50 (50-into-1 share consolidation) = $2.11367