Ann: Trading halt , page-85

ooops the rest of my post

Goodmans Ann today

The Group is pleased to confirm that it has received credit approved proposals which the Group
intends to use to repay the first tranche of the Syndicate Facility due on 23 May 2009.
This proposal is from a strategic partner of the Group outside the existing banking Syndicate and
a further announcement in respect of the facility will be made in due course.
In addition to the refinancing proposal, the Group believes it is prudent to not pay a further
distribution for the year ending 30 June 2009 enabling the Group to retain liquidity. The Board
will review its distribution policy as part of the ongoing capital management plan



"This proposal is from a strategic partner of the Group"


A past partner but are they still a partner...


Goodman already has substantial assets in Asia, including a 40 per cent s take in the manager of Singapore-listed Ascendas Real Estate Investment Trust (A-Reit).

< p> Goodman is looking to expand in the region, market watchers have said. In mid -2007, Macquarie and Goodman ended a partnership that began in 2001. Macquarie p aid more than A$730 million (S$922.4 million) to divest its investment in Goodman.