ADDITIONAL INFORMATION
Interested Person Transactions (“IPTs”) (Cont’d)
Please also see Significant Related Party Transactions in Note 24 to the financial statements.
Rule 905 and 906 of the Listing Manual of the SGX-ST are not applicable if such interested person/party transactions
are made on the basis of, and in accordance with, the terms and conditions set out in the IPO prospectus.
Sale of properties in FY2014
During the financial year, CIT divested 81 Defu Lane 10 (with a carrying cost of S$6.7 million) at a selling price of S$ 7.8
million to Natural Cool Airconditioning Pte Ltd.
Acquisition of Properties in FY2014
The following properties were acquired during the financial year:
Properties
Vendor acquired
from
Purchase consideration
(excluding acquisition
related costs)
S$ million
1
30 Teban Gardens Crescent
EuroSports Auto Pte Ltd
41.0
2 11 Chang Charn Road
Shriro Property (Singapore) Pte Ltd
32.0
3 12 Ang Mo Kio Street 65
Freshland (CP) Pte Ltd
39.8
4 16 International Business Park *
M+W Singapore Pte Ltd
28.0
Total
140.8
Note:
* Excludes land premium of approximately S$2.4 million payable by CIT.
CAMBRIDGE INDUSTRIAL TRUST | A WINNING FORMULA
169
