Temasek Sold 50K shares of SoilBuild Business Space REIT

If you have subscribed to email news alert from any of the REIT’s website, you may occasionally receive email announcements like the one below. Sometimes, it gets really frustrating that the announcement title does not indicate whether the substantial unit holder is increasing his holdings or selling his shares.

Temasek Sold 50K shares of SoilBuild Business Space REIT

Today, upon receiving the above email announcement from SoilBuild Business Space REIT, I decided to check out Spiking which is a new mobile application I downloaded recently.

Look what I found. Temasek Holdings (Private) Limited has sold 50K of SoilBuild Business Space REIT at the price of S$0.68 per share. Usually when a big shareholder such as Temasek Holdings (Private) Limited dump their shares, it depress the share price of the company. Looks like SoilBuild Business Space REIT share price may go on a downtrend in upcoming weeks.

Temasek Sold 50K shares of SoilBuild Business Space REIT

Another Tenant Default for Soilbuild Business Space REIT

Soilbuild REIT Logo

Another bad piece of news for Soilbuild Business Space REIT investors out there. NK Ingredients Pte Ltd, the sole tenant for 2 Pioneer Sector 1 has defaulted on its rent. If you do not know, NK Ingredients Pte Ltd is one of the top ten tenants contributing 5.8% of Soilbuild Business Space REIT monthly gross rental income.

Soilbuild REIT has called upon the insurance guarantee today. The balance of the insurance guarantee of S$1,689,556.67 is equivalent to approximately four months of rent.

The stock price reacted to the bad news and plunged from $0.73 to $0.69 before closing at $0.70. It seems that I am a bit late in running now.

Another Tenant Default for Soilbuild Business Space REIT