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INTERESTED PERSON TRANSACTIONS
REPORTS
The aggregate value of all Interested Person Transactions, as defined in the Listing Manual of Singapore Exchange
Securities Trading Limited (
"SGX-ST
"), which were entered into during the financial year ended 31 December 2016
("
FY 2016
") (excluding transactions less than S$100,000) are listed below.
Name of Interested Persons
Aggregate value of all Interested
Person Transactions during the
financial year under review
(excluding transactions less
than $100,000 and transactions
conducted under Stapled
Security Holders’ mandate
pursuant to Rule 920 of the
Listing Manual of SGX-ST)
Aggregate value of all Interested
Person Transactions conducted
under Stapled Security Holders’
mandate pursuant to Rule 920
of the Listing Manual of SGX-ST
(excluding transactions less than
S$100,000)
City Developments Limited
- Rental expense in relation to
Waterfront Plaza
(1)
- Provision of Corporate Secretarial
Services
S$719,000
S$144,209
Not Applicable
(3)
Not Applicable
(3)
Republic Hotels & Resorts Limited
- Extension of the utilisation period in
relation to Copthorne King’s Hotel
Singapore’s balance furniture, fixtures
and fittings reserves
- Rental income in relation to
Waterfront Plaza
(1)
S$1,936,000
S$719,000
(2)
Not Applicable
(3)
Not Applicable
(3)
Millennium & Copthorne Hotels New
Zealand Limited
- Rental income in relation to Grand
Millennium Auckland (previously
known as Rendezvous Hotel
Auckland)
S$39,798,000
Not Applicable
(3)
City Hotels Pte. Ltd.
- Extension of the utilisation period in
relation to Orchard Hotel Singapore’s
balance furniture, fixtures and fittings
reserves
- Shared services expense in relation
to certain maintenance and service
contracts between Orchard Hotel
Singapore and Claymore Connect
S$1,028,000
S$1,449,000
Not Applicable
(3)
Not Applicable
(3)
Total:
S$45,074,209
Notes:
(1)
This relates to a lease agreement between H-REIT and City Developments Limited for the lease of units #01-01 and #01-02 of Waterfront
Plaza which H-REIT has sub-let to Republic Hotels & Resorts Limited. Rental income received from Republic Hotels & Resorts Limited is
thereafter paid to City Developments Limited as rental expense.
(2)
Not aggregated as no additional exposure due to back-to-back transaction relating to note (1) above.
(3)
The H-REIT Manager and the HBT Trustee-Manager have not sought any unitholders’ mandate for interested person/party transactions
pursuant to Rule 920 of the Listing Manual of SGX-ST.
Except as disclosed above, there were no additional interested person transactions (excluding transactions of less than
$100,000 each and/or transactions collectively described as "
Exempted Agreements
") entered into in FY 2016.
197
Annual Report 2016