Cambridge Industrial Trust clarifies Asian Micro Holdings' announcement

It is not jointly managed by Oxley.

In a release, Cambridge Industrial Trust Management Limited in its capacity as manager of Cambridge Industrial Trust, refers to the announcement by Asian Micro Holdings Limited on the SGX Catalist dated 3 June 2013, which contains information concerning a Memorandum of Understanding with Oxley Global Limited.

The Announcement states that Oxley “…jointly manages the Cambridge Industrial Trust, an industrial REIT with assets under management of more than S$1.0 billion, listed on the SGX-ST”. 

The Manager wishes to clarify that Oxley does not jointly manage CIT. It is one of the three sponsors of CITM, along with National Australia Bank Group and Mitsui & Co., Ltd which have ownership interests in the Manager of 24%, 56% and 20% respectively. As at 31 March 2013, CIT has total assets of S$1.273 billion.