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Starship Supreme	02-Jan-2020 22:23        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Must make sure they don' t gobble up our dividends. The next div payout is in Jun for the Jan-Mar 2020 Qtr.
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Goldfinger Supreme	02-Jan-2020 20:19        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	I still do not understand the price they are going to pay for the Golf courses. SGX should just stop this game now.
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Goldfinger Supreme	02-Jan-2020 20:18        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	This Accordia should just say in plain English it?s intentions. Anyway I am going to vote a Big Fat NO. I do not like the sneaky way they are going around this and if Accordia wants to take over - they are going to have to go back to the drawing board and do this properly.
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iinvestor Veteran	02-Jan-2020 20:10        iinvestor About Contact  Quote this Post!
x 0   x 0  Alert Admin	New query after numerous bombardment by shareholders..... https://links.sgx.com/1.0.0/corporate-announcements/F1JMY7CO35TUJ7Z1/c8cd182d09f78af805d0a14727a646dcdc5ca89bedad8a8bb49214db3560f960 (b) Question from the SGX-ST: Assuming the amount of assumed debts of the Trust remains unchanged at JPY 43,466 million and the indicative consideration of JPY 63,167 million, please illustrate what will be the amount of consideration receivable by the Trust net of debt repayments. Response from the Trustee-Manager: Based on the assumptions above, the Trust will receive net consideration of JPY 63,167 million from Accordia and it will not need to apply any of this amount towards repayment of debts of SPC as the position under the Non-Binding Proposal is that Accordia will assume the debts of SPC.  So means what????
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pkli899 Supreme	02-Jan-2020 12:37        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agreed. Don' t waste time. A swift deal please. Goldfinger      ( Date: 02-Jan-2020 12:34) Posted: If they are not intending to waste their time, and everyone else' s, and show their hand cards in the process, they probably need to have a fair deal on the table, and likely higher than the IPO price. My guess only. pkli899      ( Date: 02-Jan-2020 12:07) Posted: Including withholding tax, the offer would become approximately 1100m. Substantially higher than 781m. This is more like it.......hope this is correct
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Goldfinger Supreme	02-Jan-2020 12:34        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	If they are not intending to waste their time, and everyone else' s, and show their hand cards in the process, they probably need to have a fair deal on the table, and likely higher than the IPO price. My guess only. pkli899      ( Date: 02-Jan-2020 12:07) Posted: Including withholding tax, the offer would become approximately 1100m. Substantially higher than 781m. This is more like it.......hope this is correct. limahping      ( Date: 02-Jan-2020 11:48) Posted: This is the BT article today. Interestingly, the article said some thing on assuming a huge with holding tax liability.  That will make the offer price very attacctive?  Like $ 1 based on my back of the envelope calculation? Not sure, just speculating. ==== Stay updated with BT newsletters      privatisation is not the only way that management can separate public companies from their assets.  PHOTO:  ACCORDIA GOLF TRUST RECENT developments at Accordia Golf Trust (AGT) are a timely reminder that privatisation is not the only way that management can separate public companies from their assets. Reit sponsor Accordia Golf is proposing to buy all of AGT' s 88 golf courses. The catch is that Accordia Golf' s offer is for the interest AGT owns in the holding company where the golf courses are parked, not for AGT' s units. This makes speculation difficult for punters because AGT is not legally required to pay unit holders any special distributions from the asset sale. However, such a major transaction would have to be put to a vote under rule 1014 of the Singapore Exchange (SGX) rulebook, and there is no way that more than 50 per cent of independent unit holders would let the deal pass unless they receive a bulk of the net proceeds as compensation for future cash flow forgone. So far, AGT has declined to comment on distributions, saying only that Accordia Golf' s indicative offer for the golf course holding company is 63.2 billion Japanese yen (S$781 million). That works out to roughly S$0.71 per unit, assuming that the offer is all cash. As part of the offer, Accordia Golf also intends to assume the holding company' s debt, including the 26.2 billion yen of deferred tax liabilities that it has on its balance sheet, AGT told The Business Times. Swapping the golf courses for cash would turn AGT into a cash trust. Once AGT becomes a cash trust, it has 12 months to identify a new basket of assets to acquire in order to stay listed. Or, it can choose to delist by giving unit holders a fair and reasonable exit offer. AGT isn' t commenting on what it might do yet. Much depends on how Accordia Golf structures its final offer, if it decides to make one. Rules arbitrage? The market' s reaction has been lukewarm. While successful exit offers for Reits are usually done at book value or higher, AGT units have hovered at S$0.68 or lower in the past week, below AGT' s net asset value (NAV) per unit of S$0.76 as at Sept 30. The better part of that discount may be explained by the fact that what' s on the table for AGT unit holders is an asset sale, not a swift and clean privatisation. Of course, Accordia Golf may have practical reasons for wanting to acquire the golf courses through a direct sale. For instance, its chances of success would be higher than if it were to make an exit offer for the entire AGT. This is because strict rules are in place to prevent minority oppression when a company seeks to delist from the SGX. Before it can delist a company, a bidder has to obtain the approval of 75 per cent of non-conflicted shareholders. An independent financial adviser must also give the bidder its blessing by opining that the offer is both fair and reasonable. On the other hand, if a company wants to dispose of its entire operating assets, it can do so by putting forth an ordinary resolution that only requires a simple 50 per cent majority to pass. In AGT' s case, the sale is an interested party transaction so sponsor Accordia Golf will have to abstain from voting. Clipping the green If Accordia Golf is serious about getting a deal done, it should probably prepare to face questions about the timing of its proposed acquisition, which has come just six months after AGT booked a huge impairment on its golf course portfolio. In May, the value of AGT' s investment in the golf course holding company was written down by 18 per cent while group NAV fell from S$0.90 as at March 31, 2018 to S$0.71 as at March 31, 2019. The impairment was taken to account for the " underperformance of selected golf courses in previous years" , as well as the impact of a flood prevention project on cash flows from Nishikigahara golf course. AGT said: " Management is of the view the impairment loss recorded is reasonable and adequate." But some investors wonder if the annual property appraisal may have been a tad too conservative. For instance, AGT agreed to sell Village Higashi Karuizawa Golf Club to a third party for S$2.4 million in April. That sum was substantially higher than the S$332,166 valuation furnished by independent valuer CBRE during the last annual valuation as at Dec 31, 2018. It remains to be seen if Village Higashi Karuizawa Golf Club is an outlier, or if there is more hidden value in AGT' s assets than meets the eyes. AGT should have answers soon. It has appointed Daiwa Capital Markets Singapore and Ernst & Young Corporate Finance to help it evaluate Accordia Golf' s proposal and obtain indications of interest from the market for the golf course assets. Daiwa Real Estate Asset Management also owns 51 per cent of the manager of AGT, which stands to gain a 0.15 per cent fee on any divestment. Naturally, the SGX has put AGT on notice for potential conflicts of interest through a series of queries that AGT has since addressed. Now it' s up to AGT' s three independent directors, Accordia Golf, Daiwa and EY to decide how interesting this gets to be.
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pkli899 Supreme	02-Jan-2020 12:07        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Including withholding tax, the offer would become approximately 1100m. Substantially higher than 781m. This is more like it.......hope this is correct. limahping      ( Date: 02-Jan-2020 11:48) Posted: This is the BT article today. Interestingly, the article said some thing on assuming a huge with holding tax liability.  That will make the offer price very attacctive?  Like $ 1 based on my back of the envelope calculation? Not sure, just speculating. ==== Stay updated with BT newsletters      privatisation is not the only way that management can separate public companies from their assets.  PHOTO:  ACCORDIA GOLF TRUST RECENT developments at Accordia Golf Trust (AGT) are a timely reminder that privatisation is not the only way that management can separate public companies from their assets. Reit sponsor Accordia Golf is proposing to buy all of AGT' s 88 golf courses. The catch is that Accordia Golf' s offer is for the interest AGT owns in the holding company where the golf courses are parked, not for AGT' s units. This makes speculation difficult for punters because AGT is not legally required to pay unit holders any special distributions from the asset sale. However, such a major transaction would have to be put to a vote under rule 1014 of the Singapore Exchange (SGX) rulebook, and there is no way that more than 50 per cent of independent unit holders would let the deal pass unless they receive a bulk of the net proceeds as compensation for future cash flow forgone. So far, AGT has declined to comment on distributions, saying only that Accordia Golf' s indicative offer for the golf course holding company is 63.2 billion Japanese yen (S$781 million). That works out to roughly S$0.71 per unit, assuming that the offer is all cash. As part of the offer, Accordia Golf also intends to assume the holding company' s debt, including the 26.2 billion yen of deferred tax liabilities that it has on its balance sheet, AGT told The Business Times. Swapping the golf courses for cash would turn AGT into a cash trust. Once AGT becomes a cash trust, it has 12 months to identify a new basket of assets to acquire in order to stay listed. Or, it can choose to delist by giving unit holders a fair and reasonable exit offer. AGT isn' t commenting on what it might do yet. Much depends on how Accordia Golf structures its final offer, if it decides to make one. Rules arbitrage? The market' s reaction has been lukewarm. While successful exit offers for Reits are usually done at book value or higher, AGT units have hovered at S$0.68 or lower in the past week, below AGT' s net asset value (NAV) per unit of S$0.76 as at Sept 30. The better part of that discount may be explained by the fact that what' s on the table for AGT unit holders is an asset sale, not a swift and clean privatisation. Of course, Accordia Golf may have practical reasons for wanting to acquire the golf courses through a direct sale. For instance, its chances of success would be higher than if it were to make an exit offer for the entire AGT. This is because strict rules are in place to prevent minority oppression when a company seeks to delist from the SGX. Before it can delist a company, a bidder has to obtain the approval of 75 per cent of non-conflicted shareholders. An independent financial adviser must also give the bidder its blessing by opining that the offer is both fair and reasonable. On the other hand, if a company wants to dispose of its entire operating assets, it can do so by putting forth an ordinary resolution that only requires a simple 50 per cent majority to pass. In AGT' s case, the sale is an interested party transaction so sponsor Accordia Golf will have to abstain from voting. Clipping the green If Accordia Golf is serious about getting a deal done, it should probably prepare to face questions about the timing of its proposed acquisition, which has come just six months after AGT booked a huge impairment on its golf course portfolio. In May, the value of AGT' s investment in the golf course holding company was written down by 18 per cent while group NAV fell from S$0.90 as at March 31, 2018 to S$0.71 as at March 31, 2019. The impairment was taken to account for the " underperformance of selected golf courses in previous years" , as well as the impact of a flood prevention project on cash flows from Nishikigahara golf course. AGT said: " Management is of the view the impairment loss recorded is reasonable and adequate." But some investors wonder if the annual property appraisal may have been a tad too conservative. For instance, AGT agreed to sell Village Higashi Karuizawa Golf Club to a third party for S$2.4 million in April. That sum was substantially higher than the S$332,166 valuation furnished by independent valuer CBRE during the last annual valuation as at Dec 31, 2018. It remains to be seen if Village Higashi Karuizawa Golf Club is an outlier, or if there is more hidden value in AGT' s assets than meets the eyes. AGT should have answers soon. It has appointed Daiwa Capital Markets Singapore and Ernst & Young Corporate Finance to help it evaluate Accordia Golf' s proposal and obtain indications of interest from the market for the golf course assets. Daiwa Real Estate Asset Management also owns 51 per cent of the manager of AGT, which stands to gain a 0.15 per cent fee on any divestment. Naturally, the SGX has put AGT on notice for potential conflicts of interest through a series of queries that AGT has since addressed. Now it' s up to AGT' s three independent directors, Accordia Golf, Daiwa and EY to decide how interesting this gets to be.
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mrwise Supreme	02-Jan-2020 12:02        mrwise About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Going to be interesting...Some companies may be interested to buy over too... Can we see $1 deal? Probably high chance as it is mostly freehold land in Japan...and looking at the upcoming olympic game with golf as one of the hot sport! limahping      ( Date: 02-Jan-2020 11:48) Posted: This is the BT article today. Interestingly, the article said some thing on assuming a huge with holding tax liability.  That will make the offer price very attacctive?  Like $ 1 based on my back of the envelope calculation? Not sure, just speculating. ==== Stay updated with BT newsletters      privatisation is not the only way that management can separate public companies from their assets.  PHOTO:  ACCORDIA GOLF TRUST RECENT developments at Accordia Golf Trust (AGT) are a timely reminder that privatisation is not the only way that management can separate public companies from their assets. Reit sponsor Accordia Golf is proposing to buy all of AGT' s 88 golf courses. The catch is that Accordia Golf' s offer is for the interest AGT owns in the holding company where the golf courses are parked, not for AGT' s units. This makes speculation difficult for punters because AGT is not legally required to pay unit holders any special distributions from the asset sale. However, such a major transaction would have to be put to a vote under rule 1014 of the Singapore Exchange (SGX) rulebook, and there is no way that more than 50 per cent of independent unit holders would let the deal pass unless they receive a bulk of the net proceeds as compensation for future cash flow forgone. So far, AGT has declined to comment on distributions, saying only that Accordia Golf' s indicative offer for the golf course holding company is 63.2 billion Japanese yen (S$781 million). That works out to roughly S$0.71 per unit, assuming that the offer is all cash. As part of the offer, Accordia Golf also intends to assume the holding company' s debt, including the 26.2 billion yen of deferred tax liabilities that it has on its balance sheet, AGT told The Business Times. Swapping the golf courses for cash would turn AGT into a cash trust. Once AGT becomes a cash trust, it has 12 months to identify a new basket of assets to acquire in order to stay listed. Or, it can choose to delist by giving unit holders a fair and reasonable exit offer. AGT isn' t commenting on what it might do yet. Much depends on how Accordia Golf structures its final offer, if it decides to make one. Rules arbitrage? The market' s reaction has been lukewarm. While successful exit offers for Reits are usually done at book value or higher, AGT units have hovered at S$0.68 or lower in the past week, below AGT' s net asset value (NAV) per unit of S$0.76 as at Sept 30. The better part of that discount may be explained by the fact that what' s on the table for AGT unit holders is an asset sale, not a swift and clean privatisation. Of course, Accordia Golf may have practical reasons for wanting to acquire the golf courses through a direct sale. For instance, its chances of success would be higher than if it were to make an exit offer for the entire AGT. This is because strict rules are in place to prevent minority oppression when a company seeks to delist from the SGX. Before it can delist a company, a bidder has to obtain the approval of 75 per cent of non-conflicted shareholders. An independent financial adviser must also give the bidder its blessing by opining that the offer is both fair and reasonable. On the other hand, if a company wants to dispose of its entire operating assets, it can do so by putting forth an ordinary resolution that only requires a simple 50 per cent majority to pass. In AGT' s case, the sale is an interested party transaction so sponsor Accordia Golf will have to abstain from voting. Clipping the green If Accordia Golf is serious about getting a deal done, it should probably prepare to face questions about the timing of its proposed acquisition, which has come just six months after AGT booked a huge impairment on its golf course portfolio. In May, the value of AGT' s investment in the golf course holding company was written down by 18 per cent while group NAV fell from S$0.90 as at March 31, 2018 to S$0.71 as at March 31, 2019. The impairment was taken to account for the " underperformance of selected golf courses in previous years" , as well as the impact of a flood prevention project on cash flows from Nishikigahara golf course. AGT said: " Management is of the view the impairment loss recorded is reasonable and adequate." But some investors wonder if the annual property appraisal may have been a tad too conservative. For instance, AGT agreed to sell Village Higashi Karuizawa Golf Club to a third party for S$2.4 million in April. That sum was substantially higher than the S$332,166 valuation furnished by independent valuer CBRE during the last annual valuation as at Dec 31, 2018. It remains to be seen if Village Higashi Karuizawa Golf Club is an outlier, or if there is more hidden value in AGT' s assets than meets the eyes. AGT should have answers soon. It has appointed Daiwa Capital Markets Singapore and Ernst & Young Corporate Finance to help it evaluate Accordia Golf' s proposal and obtain indications of interest from the market for the golf course assets. Daiwa Real Estate Asset Management also owns 51 per cent of the manager of AGT, which stands to gain a 0.15 per cent fee on any divestment. Naturally, the SGX has put AGT on notice for potential conflicts of interest through a series of queries that AGT has since addressed. Now it' s up to AGT' s three independent directors, Accordia Golf, Daiwa and EY to decide how interesting this gets to be.
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limahping Senior	02-Jan-2020 11:48        limahping About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is the BT article today. Interestingly, the article said some thing on assuming a huge with holding tax liability.  That will make the offer price very attacctive?  Like $ 1 based on my back of the envelope calculation? Not sure, just speculating. ==== Stay updated with BT newsletters      privatisation is not the only way that management can separate public companies from their assets.  PHOTO:  ACCORDIA GOLF TRUST RECENT developments at Accordia Golf Trust (AGT) are a timely reminder that privatisation is not the only way that management can separate public companies from their assets. Reit sponsor Accordia Golf is proposing to buy all of AGT' s 88 golf courses. The catch is that Accordia Golf' s offer is for the interest AGT owns in the holding company where the golf courses are parked, not for AGT' s units. This makes speculation difficult for punters because AGT is not legally required to pay unit holders any special distributions from the asset sale. However, such a major transaction would have to be put to a vote under rule 1014 of the Singapore Exchange (SGX) rulebook, and there is no way that more than 50 per cent of independent unit holders would let the deal pass unless they receive a bulk of the net proceeds as compensation for future cash flow forgone. So far, AGT has declined to comment on distributions, saying only that Accordia Golf' s indicative offer for the golf course holding company is 63.2 billion Japanese yen (S$781 million). That works out to roughly S$0.71 per unit, assuming that the offer is all cash. As part of the offer, Accordia Golf also intends to assume the holding company' s debt, including the 26.2 billion yen of deferred tax liabilities that it has on its balance sheet, AGT told The Business Times. Swapping the golf courses for cash would turn AGT into a cash trust. Once AGT becomes a cash trust, it has 12 months to identify a new basket of assets to acquire in order to stay listed. Or, it can choose to delist by giving unit holders a fair and reasonable exit offer. AGT isn' t commenting on what it might do yet. Much depends on how Accordia Golf structures its final offer, if it decides to make one. Rules arbitrage? The market' s reaction has been lukewarm. While successful exit offers for Reits are usually done at book value or higher, AGT units have hovered at S$0.68 or lower in the past week, below AGT' s net asset value (NAV) per unit of S$0.76 as at Sept 30. The better part of that discount may be explained by the fact that what' s on the table for AGT unit holders is an asset sale, not a swift and clean privatisation. Of course, Accordia Golf may have practical reasons for wanting to acquire the golf courses through a direct sale. For instance, its chances of success would be higher than if it were to make an exit offer for the entire AGT. This is because strict rules are in place to prevent minority oppression when a company seeks to delist from the SGX. Before it can delist a company, a bidder has to obtain the approval of 75 per cent of non-conflicted shareholders. An independent financial adviser must also give the bidder its blessing by opining that the offer is both fair and reasonable. On the other hand, if a company wants to dispose of its entire operating assets, it can do so by putting forth an ordinary resolution that only requires a simple 50 per cent majority to pass. In AGT' s case, the sale is an interested party transaction so sponsor Accordia Golf will have to abstain from voting. Clipping the green If Accordia Golf is serious about getting a deal done, it should probably prepare to face questions about the timing of its proposed acquisition, which has come just six months after AGT booked a huge impairment on its golf course portfolio. In May, the value of AGT' s investment in the golf course holding company was written down by 18 per cent while group NAV fell from S$0.90 as at March 31, 2018 to S$0.71 as at March 31, 2019. The impairment was taken to account for the " underperformance of selected golf courses in previous years" , as well as the impact of a flood prevention project on cash flows from Nishikigahara golf course. AGT said: " Management is of the view the impairment loss recorded is reasonable and adequate." But some investors wonder if the annual property appraisal may have been a tad too conservative. For instance, AGT agreed to sell Village Higashi Karuizawa Golf Club to a third party for S$2.4 million in April. That sum was substantially higher than the S$332,166 valuation furnished by independent valuer CBRE during the last annual valuation as at Dec 31, 2018. It remains to be seen if Village Higashi Karuizawa Golf Club is an outlier, or if there is more hidden value in AGT' s assets than meets the eyes. AGT should have answers soon. It has appointed Daiwa Capital Markets Singapore and Ernst & Young Corporate Finance to help it evaluate Accordia Golf' s proposal and obtain indications of interest from the market for the golf course assets. Daiwa Real Estate Asset Management also owns 51 per cent of the manager of AGT, which stands to gain a 0.15 per cent fee on any divestment. Naturally, the SGX has put AGT on notice for potential conflicts of interest through a series of queries that AGT has since addressed. Now it' s up to AGT' s three independent directors, Accordia Golf, Daiwa and EY to decide how interesting this gets to be.
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Goldfinger Supreme	02-Jan-2020 11:22        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	According to BT today - they may only need 50percent of independents to push the vote through.  Seems like a clever bypass to me. But, I suspect the price per unit may turn out to be fairly generous.
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limahping Senior	27-Dec-2019 16:21        limahping About Contact  Quote this Post!
x 0   x 0  Alert Admin	您 想 多 了 ， 八 字 都 没 一 撇 just wait for the FA to go through the process and update unit holder. :)   laksaman57      ( Date: 27-Dec-2019 13:03) Posted: If cash from sale of all golf courses get ' re-invested' into new properties, then that will be another BIG  mgr fee charge for the mgr laksaman57      ( Date: 27-Dec-2019 09:26) Posted: Next BIG question is whether cash from sale of all the golf course will be return to unitholder.
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laksaman57 Supreme	27-Dec-2019 13:03        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If cash from sale of all golf courses get ' re-invested' into new properties, then that will be another BIG  mgr fee charge for the mgr laksaman57      ( Date: 27-Dec-2019 09:26) Posted: Next BIG question is whether cash from sale of all the golf course will be return to unitholder.
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Starship Supreme	27-Dec-2019 10:51        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Fm Prof Mak Yuen Teen' s twitter. My Christmas wish is more effective enforcement! Merry Christmas to all, including the regulators! https://twitter.com/YTMak59/status/1209651050434531328
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Starship Supreme	27-Dec-2019 10:45        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	2019: The year enforcement stopped on SGX December 11, 2019 Mak Yuen Teen I am afraid that my worst fears may have been realised. According to SGX&rsquo s website, the last public disciplinary action taken was in November 2018 and the last such action against an issuer and its directors was in July 2018.  Yes, that&rsquo s right.  In 2019, there has not been a single public disciplinary action taken by the disciplinary committee. What has the disciplinary committee been doing in 2019?  How many cases has it considered? https://governanceforstakeholders.com/2019/12/11/2019-the-year-enforcement-stopped-on-sgx/
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pkli899 Supreme	27-Dec-2019 10:13        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	More so Daiwa shouldn' t be FA. Why cannot just stick with one, EY? onegun      ( Date: 27-Dec-2019 08:07) Posted: https://www.businesstimes.com.sg/real-estate/daiwa-to-expand-real-estate-trust-business-as-low-rates-persist Feel something could be related
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pkli899 Supreme	27-Dec-2019 10:12        pkli899 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, so exciting to see the sparring then. laksaman57      ( Date: 26-Dec-2019 17:23) Posted: Unfortunately AGT don' t have a experienced stock guru like Jerry Low who led the charge for fairness for Sabana reit retail investors.  https://www.straitstimes.com/business/angry-investors-want-reit-manager-kicked-out
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laksaman57 Supreme	27-Dec-2019 10:01        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	How BIG will be the trust mgr fee charge for the sale of all gold courses
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laksaman57 Supreme	27-Dec-2019 09:26        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Next BIG question is whether cash from sale of all the golf course will be return to unitholder.
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onegun Member	27-Dec-2019 08:07        onegun About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.businesstimes.com.sg/real-estate/daiwa-to-expand-real-estate-trust-business-as-low-rates-persist Feel something could be related
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laksaman57 Supreme	26-Dec-2019 17:23        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Unfortunately AGT don' t have a experienced stock guru like Jerry Low who led the charge for fairness for Sabana reit retail investors.  https://www.straitstimes.com/business/angry-investors-want-reit-manager-kicked-out
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