Suntec Reit

Suntec Reit: halted. May be related to equity raising, following sh/h approval to acquire the one-third interest in MBFC for $1.5b. Recall the acquisition is expected to increase DPU from 8.61 cts to 8.7 cts for FY11E. Suntec’s Aggregate Leverage Ratio is 33% as at 3Q10, is expected to rise to 41.5% post acquisition (still within 60% max limit), assuming $428m raised from the Private Placement and $1,105m borrowings.