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laksaman57 Supreme	26-Dec-2019 17:09        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sama sama when Sabana reit buy over priced properties, three FA valued sama sama price. Its all wayang lah .... sgx can' t do a thing about ' low risk conflict-of-interest' aka ownself-check-ownself loh. Investor LL liao.  pkli899      ( Date: 26-Dec-2019 15:10) Posted: Precisely.......... " reasonably resolved and managed" ......how? Who check? Right thing to do is not to appoint! laksaman57      ( Date: 26-Dec-2019 14:42) Posted: Ownself Check Ownself 😂
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JoeJordan Member	26-Dec-2019 16:25        JoeJordan About Contact  Quote this Post!
x 0   x 0  Alert Admin	DREAM. Are they asking us to dream on? pkli899      ( Date: 26-Dec-2019 15:24) Posted: In the first place, conflict of interest no matter how low is still a concern. No other FA in the market? Why appoint someone whom they know will caused resentment. Offeror and FA both are SSH and have been working together.........how are their relationship? Is this not a concern?  Need not elaborate IMO. limahping      ( Date: 26-Dec-2019 12:29) Posted: Hi, I read thorugh the annousement.  The reason for appointing Daiwa Capital Market Sg Ltd as Financial Advisor seems reasonable enough?  The degree of conflict of interest seems very low? Maybe I had missed some thing, can you enlighten on the flaw of the appointment? The term of reference for the appointment seems to be comprehensive :   (i) the evaluation of the Non-Binding Proposal and to make appropriate recommendations to the Board, (ii) announcements and disclosures, (iii) the process with the SGX-ST and Monetary Authority of Singapore, (iv) negotiation with Accordia, (v) valuation issues and (vi)obtaining indications of interest from the market for the golf course assets of AGT As a unit holder, I would want the details of the offer to be out soon and is fustrated for the long delay, but I thought this needs some time to work throught? Eg.  Temasek partial offer of Keppel, after so many weeks, still at apponted financial advisor.  No recommendation yet.
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pkli899 Supreme	26-Dec-2019 15:24        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	In the first place, conflict of interest no matter how low is still a concern. No other FA in the market? Why appoint someone whom they know will caused resentment. Offeror and FA both are SSH and have been working together.........how are their relationship? Is this not a concern?  Need not elaborate IMO. limahping      ( Date: 26-Dec-2019 12:29) Posted: Hi, I read thorugh the annousement.  The reason for appointing Daiwa Capital Market Sg Ltd as Financial Advisor seems reasonable enough?  The degree of conflict of interest seems very low? Maybe I had missed some thing, can you enlighten on the flaw of the appointment? The term of reference for the appointment seems to be comprehensive :   (i) the evaluation of the Non-Binding Proposal and to make appropriate recommendations to the Board, (ii) announcements and disclosures, (iii) the process with the SGX-ST and Monetary Authority of Singapore, (iv) negotiation with Accordia, (v) valuation issues and (vi)obtaining indications of interest from the market for the golf course assets of AGT As a unit holder, I would want the details of the offer to be out soon and is fustrated for the long delay, but I thought this needs some time to work throught? Eg.  Temasek partial offer of Keppel, after so many weeks, still at apponted financial advisor.  No recommendation yet.   pkli899      ( Date: 26-Dec-2019 10:38) Posted: Haha, how to chill when appointment of the FA also flawed?
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pkli899 Supreme	26-Dec-2019 15:10        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Precisely.......... " reasonably resolved and managed" ......how? Who check? Right thing to do is not to appoint! laksaman57      ( Date: 26-Dec-2019 14:42) Posted: Ownself Check Ownself 😂
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laksaman57 Supreme	26-Dec-2019 14:42        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ownself Check Ownself 😂
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Starship Supreme	26-Dec-2019 14:20        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Accordia Golf Trust: Conflict of interest ' reasonably resolved' in golf course deal THU, DEC 26, 2019 - 12:43 PM ACCORDIA Golf Trust (AGT) has said its audit and risk committee had considered a potential conflict of interest in appointing Daiwa Capital Markets Singapore as one of its joint financial advisers to assist with evaluating a non-binding proposal for the sale of all its golf courses. The audit and risk committee is of the view that any potential conflict of interest has been " reasonably resolved and managed" , the manager said in its response to queries from the Singapore Exchange on Dec 24.  In its response, the manager disclosed its ongoing relationships with Daiwa Securities Group and its subsidiaries - collectively the Daiwa Group - since the trust' s initial public offering (IPO). Daiwa Capital Markets Singapore is a subsidiary of  Daiwa Securities Group.  Daiwa Real Estate Asset Management (Dream), a  wholly-owned subsidiary of Daiwa Group, owns a 51 per cent stake in AGT' s manager. Dream, in connection with the trust' s IPO, had also entered into an asset management agreement with the company that owns all of AGT' s golf course assets. Meanwhile, Daiwa PI Partners Co - another wholly-owned subsidiary of the group -  holds 5.36 per cent of AGT' s issued units as at Dec 24. Among several reasons as to why any potential conflict of interest was reasonably resolved and managed, the manager said that as a unitholder, Daiwa Group' s interest is aligned with other minority unitholders in ensuring the terms in the divestment of the golf courses are favourable to the trust. Any potential influence by Dream as a 51 per cent shareholder of the manager has also been addressed with the recusing of Dream' s board nominee Toyo Nakanishi from the selection of the financial adviser for the divestment. The other independent joint financial adviser working with Daiwa Capital Markets Singapore is Ernst & Young Corporate Finance &ndash which the manager confirmed there is no prior or ongoing relationship outside of its appointment to evaluate the divestment deal. https://www.businesstimes.com.sg/companies-markets/accordia-golf-trust-conflict-of-interest-reasonably-resolved-in-golf-course-deal
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limahping Senior	26-Dec-2019 12:29        limahping About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi, I read thorugh the annousement.  The reason for appointing Daiwa Capital Market Sg Ltd as Financial Advisor seems reasonable enough?  The degree of conflict of interest seems very low? Maybe I had missed some thing, can you enlighten on the flaw of the appointment? The term of reference for the appointment seems to be comprehensive :   (i) the evaluation of the Non-Binding Proposal and to make appropriate recommendations to the Board, (ii) announcements and disclosures, (iii) the process with the SGX-ST and Monetary Authority of Singapore, (iv) negotiation with Accordia, (v) valuation issues and (vi)obtaining indications of interest from the market for the golf course assets of AGT As a unit holder, I would want the details of the offer to be out soon and is fustrated for the long delay, but I thought this needs some time to work throught? Eg.  Temasek partial offer of Keppel, after so many weeks, still at apponted financial advisor.  No recommendation yet.   pkli899      ( Date: 26-Dec-2019 10:38) Posted: Haha, how to chill when appointment of the FA also flawed?
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JoeJordan Member	26-Dec-2019 11:09        JoeJordan About Contact  Quote this Post!
x 0   x 0  Alert Admin	LOL!!! pkli899      ( Date: 26-Dec-2019 10:45) Posted: Me too, bought a bottle but can' t be bothered to even chill it. JoeJordan      ( Date: 26-Dec-2019 10:42) Posted: Haha.... I did chill a bottle of champagne. But looks like I may not get the chance to pop it
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pkli899 Supreme	26-Dec-2019 10:45        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Me too, bought a bottle but can' t be bothered to even chill it. JoeJordan      ( Date: 26-Dec-2019 10:42) Posted: Haha.... I did chill a bottle of champagne. But looks like I may not get the chance to pop it. pkli899      ( Date: 26-Dec-2019 10:38) Posted: Haha, how to chill when appointment of the FA also flawed?
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JoeJordan Member	26-Dec-2019 10:42        JoeJordan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Haha.... I did chill a bottle of champagne. But looks like I may not get the chance to pop it. pkli899      ( Date: 26-Dec-2019 10:38) Posted: Haha, how to chill when appointment of the FA also flawed?
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pkli899 Supreme	26-Dec-2019 10:38        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Haha, how to chill when appointment of the FA also flawed?
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limahping Senior	26-Dec-2019 09:51        limahping About Contact  Quote this Post!
x 0   x 0  Alert Admin	The reason why a Financial Adviser is appointed is that they will study, clarify, nego for the deal and made recommendation, right?  So Chill lah. Goldfinger      ( Date: 24-Dec-2019 20:03) Posted: Why does this hopeless SGX not even ask the most important question on the effective offer price? Starship      ( Date: 24-Dec-2019 19:13) Posted: Thus far, AGT has been more than vague in it' s revelations regarding this proposed sale. And now it appears that AGT, Trustee, Manager, FA have relationships.. It' s basically a case of a wolf-pack circling a flock of meek sheep. It' s no wonder that shareholders are all suspicious with regards to it' s intentions. Question 1. Please provide details of all the relationships of the Trust or Trustee-Manager has with the Daiwa Group and provide the Audit Committee&rsquo s (&ldquo AC&rdquo ) views why there are no conflicts for the appointment of Daiwa Capital Markets Singapore Limited to assist with the evaluation of the Non-Binding Proposal. To disclose basis for the AC&rsquo s views and provide specific details to support your responses. Response. (i) AGT and the Trustee-Manager has the following ongoing relationships with Daiwa Securities Group Inc. and its subsidiaries (&ldquo Daiwa Group&rdquo ) since the initial public offering of AGT (&ldquo IPO&rdquo ): (i) a wholly-owned subsidiary of Daiwa Group, Daiwa Real Estate Asset Management Co. Ltd. (&ldquo DREAM&rdquo ), holds 51.0% of the shares in the Trustee-Manager and has nominated Mr Toyo Nakanishi to the Board. Pursuant to the shareholders&rsquo agreement entered into between DREAM and Accordia (as holder of 49.0% of the shares in the Trustee-Manager) in relation to the Trustee-Manager, DREAM and Accordia have rights in their capacity as shareholders which include, inter alia, rights to receive the audit reports, documents to the Board and minutes of board meetings as well as monthly income and expenditure reports (ii) DREAM had also, in connection with the IPO, entered into an asset management agreement with the holding company that owns all the golf course assets of AGT, Accordia Golf Asset Godo Kaisha (&ldquo SPC&rdquo ), to provide asset management services to SPC, the key terms of which had been disclosed in the prospectus issued by the Trustee-Manager in connection with the IPO (the &ldquo Prospectus&rdquo ) and (iii) Daiwa PI Partners Co. Ltd., a wholly-owned subsidiary of Daiwa Group holds, as at the date of this announcement, 5.36% of the issued units of AGT.  Notwithstanding the relationships above, the members of the Audit and Risk Committee of the TrusteeManager (the &ldquo AC&rdquo ) had considered the potential conflict of interests in appointing Daiwa CM SG as a Joint Financial Advisor to assist with the evaluation of the Non-Binding Proposal and is of the view that any potential conflict of interests is reasonably resolved and managed for the following reasons: (i) as a unitholder, Daiwa Group&rsquo s interests is aligned with the other minority unitholders in expecting that the Divestment is undertaken on terms that are as favourable to AGT as possible such that the returns on its investment are maximised (ii) Daiwa Group does not have any shareholding or other interest in Accordia or its related corporations. Therefore, the Divestment is not an interested person transaction under Chapter 9 of the Listing Manual of the SGX-ST vis-à -vis Daiwa Group (iii) Daiwa Group does not have any ongoing mandate under which it provides financial advisory services to Accordia and its related corporations. Accordingly, there exists no financial connection between Daiwa Group and Accordia which would give rise to a conflict of interest on the part of Daiwa CM SG accepting the role of Joint Financial Advisor 3 (iv) Daiwa CM SG has confirmed that it will not receive any benefits from Accordia or its related corporations in connection with the Divestment (v) any potential influence by DREAM (as 51.0% shareholder of the Trustee-Manager) over the appointment of Daiwa CM SG as Joint Financial Advisor has been addressed by DREAM&rsquo s nominee on the Board, Mr Toyo Nakanishi, recusing from the Board deliberation on selecting a financial advisor for the Divestment (see response to query (d) below)   (vi) arising from its 51.0% shareholding in the Trustee-Manager, Daiwa Group&rsquo s only interest in the Divestment is the Trustee-Manager&rsquo s entitlement to a divestment fee of 0.15% of the last available appraised value obtained by the Trustee-Manager or the SPC of any investments divested directly or indirectly by AGT, as determined by such appraiser. However, this divestment fee arrangement was already in place at the IPO and disclosed in the Prospectus, and is not a result of Daiwa Group&rsquo s involvement as Joint Financial Advisor or a specific arrangement arising from the Divestment and (vii) there is another independent Joint Financial Advisor to work with Daiwa CM SG in the evaluation of the Non-Binding Proposal.  The AC also considered Daiwa CM SG&rsquo s knowledge of AGT and its assets, having been the joint global coordinator, issue manager and underwriter for the IPO. In addition, with Daiwa CM SG&rsquo s Japanese networks through its Japanese investment banking division, it has knowledge and/or expertise of the Japanese golf course industry, Japanese-related issues that might arise in the course of the Divestment and the Japanese investor base of AGT. In deciding on the appointment of Daiwa CM SG as a Joint Financial Advisor, the following steps were also taken: (i) Daiwa CM SG had sought and obtained a legal opinion from its own Singapore legal adviser on the potential conflict of interests in relation to its appointment as a Joint Financial Adviser, (ii) the AC had sought and obtained a legal opinion from its own Singapore legal adviser independently of the Trustee-Manager and Daiwa CM SG and (iii) Daiwa CM SG had provided certain confirmations to the AC to address concerns of potential conflict of interests arising from their appointment as a Joint Financial Advisor.  Question 2. Please disclose whether the Trust/Trustee-Manager has any current or any prior relationships with Ernst and Young. If so, please disclose whether any of these relationships may result in any potential/perceived conflicts.  Response. Save for the current appointment as Joint Financial Advisor, neither the Trustee-Manager nor AGT has any prior or ongoing relationship with EYCF.  Question 3. To disclose the timeline set for the joint financial advisors to complete the review and report their findings. Please confirm that the final recommendation of the FAs will be disclosed to unitholders.  Response. Although the Trustee-Manager has begun working with the Joint Financial Advisors since their appointment, no formal timeline has been set. The final recommendation of the Joint Financial Advisors to the Board will be disclosed to unitholders. In addition, an independent financial advisor will be separately appointed and their recommendation to the AC will be disclosed to unitholders of AGT in the circular to unitholders in connection with the Divestment.  Question 4. To disclose whether the joint financial advisors were independently appointed by the AC. If so, please provide specific details of this independent process and confirm that nonindependent directors were not involved in the decision to appoint any of the FAs. If this process was not independently undertaken by the AC, please disclose why this was not necessary in view of the potential conflict of interests, if any.  Response. Only the AC was involved in the deliberation and decision on the selection of the Joint Financial Advisors, with Mr Yoshihiko Machida and Mr Toyo Nakanishi recusing from the deliberation and decision. The AC had considered a list of potential financial and shortlisted three potential candidates for fee proposals (after considering various factors like familiarity with the assets of AGT, track record and experience in such transactions), and evaluated their expertise, scope of work and their fee structure. The AC had finally selected Daiwa CM SG and EYCF for their expertise, potential to contribute positively to the project and the final fee structure.  https://links.sgx.com/FileOpen/AGT%20Response%20to%20SGX%20Queries_v5_24.12.19.ashx?App=Announcement& FileID=591589
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JoeJordan Member	25-Dec-2019 10:56        JoeJordan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Because of apparent conflict of interest, Daiwa which hold only a 5.36% of AGT through subsidiary Daiwa PI Partners cannot be counted with interest aligned with other unit holders as suggested in their reply. JoeJordan      ( Date: 25-Dec-2019 10:46) Posted: Maybe Institutions (except MBK) with substantial stake as UNITHOLDER should appoint someone to the Joint Financial Adviser with Daiwa and EY. This is to safeguard the interest of all other unit-holders. laksaman57      ( Date: 24-Dec-2019 23:35) Posted: Make your " NO" vote count. Be present or thru proxy at EGM.
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JoeJordan Member	25-Dec-2019 10:46        JoeJordan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Maybe Institutions (except MBK) with substantial stake as UNITHOLDER should appoint someone to the Joint Financial Adviser with Daiwa and EY. This is to safeguard the interest of all other unit-holders. laksaman57      ( Date: 24-Dec-2019 23:35) Posted: Make your " NO" vote count. Be present or thru proxy at EGM.
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Goldfinger Supreme	25-Dec-2019 10:17        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	This case looks quite conflicted - they may be forced to act. But everyone is waiting for the offer price assessment. My sense is that it may not be as poor an offer as it seems. Else it would be still born.
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FrancisLim Elite	25-Dec-2019 09:22        FrancisLim About Contact  Quote this Post!
x 0   x 0  Alert Admin	So far, look at the record of the regulatory in the actions taken or the absence, for all the S Chips with frauds, the fall of Noble, Trek, Midas, Best World...and the saga of Sing Post investment, too many to mention. Unless and when the regulatory is split from the business in the SGX, the record of effective regulatory oversight is not encouraging to say the least
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Goldfinger Supreme	25-Dec-2019 06:08        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Feel free to voice your grouses to MAS, SGX etc - they are fair and impartial.
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laksaman57 Supreme	24-Dec-2019 23:35        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Make your " NO" vote count. Be present or thru proxy at EGM.
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pkli899 Supreme	24-Dec-2019 22:35        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, now we know.......they are really terrible schemers. A bunch of hungry ghosts, wanting to swallow entire AGT. Starship      ( Date: 24-Dec-2019 19:13) Posted: Thus far, AGT has been more than vague in it' s revelations regarding this proposed sale. And now it appears that AGT, Trustee, Manager, FA have relationships.. It' s basically a case of a wolf-pack circling a flock of meek sheep. It' s no wonder that shareholders are all suspicious with regards to it' s intentions. Question 1. Please provide details of all the relationships of the Trust or Trustee-Manager has with the Daiwa Group and provide the Audit Committee&rsquo s (&ldquo AC&rdquo ) views why there are no conflicts for the appointment of Daiwa Capital Markets Singapore Limited to assist with the evaluation of the Non-Binding Proposal. To disclose basis for the AC&rsquo s views and provide specific details to support your responses. Response. (i) AGT and the Trustee-Manager has the following ongoing relationships with Daiwa Securities Group Inc. and its subsidiaries (&ldquo Daiwa Group&rdquo ) since the initial public offering of AGT (&ldquo IPO&rdquo ): (i) a wholly-owned subsidiary of Daiwa Group, Daiwa Real Estate Asset Management Co. Ltd. (&ldquo DREAM&rdquo ), holds 51.0% of the shares in the Trustee-Manager and has nominated Mr Toyo Nakanishi to the Board. Pursuant to the shareholders&rsquo agreement entered into between DREAM and Accordia (as holder of 49.0% of the shares in the Trustee-Manager) in relation to the Trustee-Manager, DREAM and Accordia have rights in their capacity as shareholders which include, inter alia, rights to receive the audit reports, documents to the Board and minutes of board meetings as well as monthly income and expenditure reports (ii) DREAM had also, in connection with the IPO, entered into an asset management agreement with the holding company that owns all the golf course assets of AGT, Accordia Golf Asset Godo Kaisha (&ldquo SPC&rdquo ), to provide asset management services to SPC, the key terms of which had been disclosed in the prospectus issued by the Trustee-Manager in connection with the IPO (the &ldquo Prospectus&rdquo ) and (iii) Daiwa PI Partners Co. Ltd., a wholly-owned subsidiary of Daiwa Group holds, as at the date of this announcement, 5.36% of the issued units of AGT.  Notwithstanding the relationships above, the members of the Audit and Risk Committee of the TrusteeManager (the &ldquo AC&rdquo ) had considered the potential conflict of interests in appointing Daiwa CM SG as a Joint Financial Advisor to assist with the evaluation of the Non-Binding Proposal and is of the view that any potential conflict of interests is reasonably resolved and managed for the following reasons: (i) as a unitholder, Daiwa Group&rsquo s interests is aligned with the other minority unitholders in expecting that the Divestment is undertaken on terms that are as favourable to AGT as possible such that the returns on its investment are maximised (ii) Daiwa Group does not have any shareholding or other interest in Accordia or its related corporations. Therefore, the Divestment is not an interested person transaction under Chapter 9 of the Listing Manual of the SGX-ST vis-à -vis Daiwa Group (iii) Daiwa Group does not have any ongoing mandate under which it provides financial advisory services to Accordia and its related corporations. Accordingly, there exists no financial connection between Daiwa Group and Accordia which would give rise to a conflict of interest on the part of Daiwa CM SG accepting the role of Joint Financial Advisor 3 (iv) Daiwa CM SG has confirmed that it will not receive any benefits from Accordia or its related corporations in connection with the Divestment (v) any potential influence by DREAM (as 51.0% shareholder of the Trustee-Manager) over the appointment of Daiwa CM SG as Joint Financial Advisor has been addressed by DREAM&rsquo s nominee on the Board, Mr Toyo Nakanishi, recusing from the Board deliberation on selecting a financial advisor for the Divestment (see response to query (d) below)   (vi) arising from its 51.0% shareholding in the Trustee-Manager, Daiwa Group&rsquo s only interest in the Divestment is the Trustee-Manager&rsquo s entitlement to a divestment fee of 0.15% of the last available appraised value obtained by the Trustee-Manager or the SPC of any investments divested directly or indirectly by AGT, as determined by such appraiser. However, this divestment fee arrangement was already in place at the IPO and disclosed in the Prospectus, and is not a result of Daiwa Group&rsquo s involvement as Joint Financial Advisor or a specific arrangement arising from the Divestment and (vii) there is another independent Joint Financial Advisor to work with Daiwa CM SG in the evaluation of the Non-Binding Proposal.  The AC also considered Daiwa CM SG&rsquo s knowledge of AGT and its assets, having been the joint global coordinator, issue manager and underwriter for the IPO. In addition, with Daiwa CM SG&rsquo s Japanese networks through its Japanese investment banking division, it has knowledge and/or expertise of the Japanese golf course industry, Japanese-related issues that might arise in the course of the Divestment and the Japanese investor base of AGT. In deciding on the appointment of Daiwa CM SG as a Joint Financial Advisor, the following steps were also taken: (i) Daiwa CM SG had sought and obtained a legal opinion from its own Singapore legal adviser on the potential conflict of interests in relation to its appointment as a Joint Financial Adviser, (ii) the AC had sought and obtained a legal opinion from its own Singapore legal adviser independently of the Trustee-Manager and Daiwa CM SG and (iii) Daiwa CM SG had provided certain confirmations to the AC to address concerns of potential conflict of interests arising from their appointment as a Joint Financial Advisor.  Question 2. Please disclose whether the Trust/Trustee-Manager has any current or any prior relationships with Ernst and Young. If so, please disclose whether any of these relationships may result in any potential/perceived conflicts.  Response. Save for the current appointment as Joint Financial Advisor, neither the Trustee-Manager nor AGT has any prior or ongoing relationship with EYCF.  Question 3. To disclose the timeline set for the joint financial advisors to complete the review and report their findings. Please confirm that the final recommendation of the FAs will be disclosed to unitholders.  Response. Although the Trustee-Manager has begun working with the Joint Financial Advisors since their appointment, no formal timeline has been set. The final recommendation of the Joint Financial Advisors to the Board will be disclosed to unitholders. In addition, an independent financial advisor will be separately appointed and their recommendation to the AC will be disclosed to unitholders of AGT in the circular to unitholders in connection with the Divestment.  Question 4. To disclose whether the joint financial advisors were independently appointed by the AC. If so, please provide specific details of this independent process and confirm that nonindependent directors were not involved in the decision to appoint any of the FAs. If this process was not independently undertaken by the AC, please disclose why this was not necessary in view of the potential conflict of interests, if any.  Response. Only the AC was involved in the deliberation and decision on the selection of the Joint Financial Advisors, with Mr Yoshihiko Machida and Mr Toyo Nakanishi recusing from the deliberation and decision. The AC had considered a list of potential financial and shortlisted three potential candidates for fee proposals (after considering various factors like familiarity with the assets of AGT, track record and experience in such transactions), and evaluated their expertise, scope of work and their fee structure. The AC had finally selected Daiwa CM SG and EYCF for their expertise, potential to contribute positively to the project and the final fee structure.  https://links.sgx.com/FileOpen/AGT%20Response%20to%20SGX%20Queries_v5_24.12.19.ashx?App=Announcement& FileID=591589
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laksaman57 Supreme	24-Dec-2019 20:24        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	No use one SIAS super wayanged at their initiated Sabana reit mgt- retail investor dialogue. Goldfinger      ( Date: 24-Dec-2019 19:56) Posted: Someone please ask SAS to help the retail plight.
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