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1541-1560 of 1690
I wouldnt want to be in his position. Unless he is thick skinned nobody would want to engage this rate manager again.
john_ric ( Date: 28-Apr-2017 18:36) Posted:
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Retail investors lost the vote but achieves what they set out to do. They succeeded in removing the underperforming ceo and cancelling the transaction of Changi south property which is not in the interest of shareholders. More importantly, they have opened the eyes of other reit managers not to take retail shareholders for granted and for reit managers to align their interests with unitholders. Thank you the movers and shakers.
HB8289 ( Date: 09-May-2017 21:42) Posted:
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Hope one of strategic review proposal is sale of the reit mgr to ESR to rejuvernate the reit.
Going to have low dpu for whole year due to unable to issue new shares for management payment. The good part is at least will have new ceo.
im guessing low 40s
chengwh1 ( Date: 10-May-2017 10:33) Posted:
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Today there is no mkt,... but I wondered how much will the price fall on Thursday,....
rector of Sabana Shari' ah Compliant Industrial Real Estate Investment Trust' s manager which had drawn unitholders' revolt has tendered his resignation.
PHOTO: BERITA HARIAN
KEVIN Xayaraj, the embattled chief executive officer and executive director of Sabana Shari' ah Compliant Industrial Real Estate Investment Trust' s manager which had drawn unitholders' revolt has tendered his resignation.
In an announcement to the Singapore Exchange, Sabana Reit' s manager, Sabana Real Estate Investment Management, said the resignation of Mr Xayaraj who has been with the manager since 2010, has been accepted by the board. His last day will be end December 2017 or earlier as may be agreed between the board and Mr Xayaraj to ensure a proper handover and smooth transition for his successor, it added.
It was also announced that following the feedback from unitholders over the reit' s proposed acquisition of 47 Changi South Avenue, the deal has been terminated.
" While the board maintains its view that the proposed acquisition would have been beneficial to the long-term interests of Sabana Reit and unitholders" , in light of the continuing feedback from unitholders, Sabana Reit and Freight Links Properties Pte Ltd - a subsidiary of the Reit' s sponsor, Vibrant Group - have agreed to terminate the put and call option agreement entered into for the proposed acquisition.
the manager can shake leg and enjoy sgain.
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AT its much anticipated extraordinary general meeting on Friday, Sabana Reit unitholders voted overwhelmingly against removing the underperforming Reit manager (with 69.48 per cent of votes cast against) and against winding up the Reit vehicle (with 71.67 of votes cast against).
This means that after much fanfare, it will be business as usual back at the real estate investment trust.
This came after much impassioned venting of frustration by unitholders on the Reit manager at the meeting, with some demanding commitment from the manager to take concrete action to turn the Reit around.
Halt !
agreed.
john_ric ( Date: 17-Apr-2017 10:27) Posted:
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either way...
if manager voted out...uncertainty ...price drop.
if manager stay... lousy manager..price also drop.
this is a f stock.
sway to have it.
if manager voted out...uncertainty ...price drop.
if manager stay... lousy manager..price also drop.
this is a f stock.
sway to have it.
Look like the price is sliding backwards
Now waiting for 51￠ block to be cleared 😆 . It's time for bb to show hand, after Vibrant's show hand💅 by buying more of the mgr
Please chiong
laksaman57 ( Date: 10-Apr-2017 11:24) Posted:
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Block buying momentum starting 😆
Indeed it is a good news. Our effort starts to produce good results. Keep it up.
| laksaman57 ( Date: 05-Apr-2017 22:46) Posted: |
Look tough seem alot of resistance
laksaman57 ( Date: 03-Apr-2017 18:02) Posted:
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Hope to see 55￠ this week 😆