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I think this is something MAS or Sgx should look into. If Manager sign this type of agreements, it effectly make removing them impossible.
Quote:
However, the REIT manager warns that voting it out ?may trigger various breaches of obligations, events of default and early redemption obligations under the financing arrangements implemented by Sabana REIT,? according to the circular.
Quote:
However, the REIT manager warns that voting it out ?may trigger various breaches of obligations, events of default and early redemption obligations under the financing arrangements implemented by Sabana REIT,? according to the circular.
SIAS's role is only to help retail investor understand how our Reits laws work for/against them, their rights as unitholders and how market entities (i.e. Lenders, bond holders) may react so as to make the informed decision regarding their next course of action.
SAIS helps retail investors ???
W32012 ( Date: 07-Apr-2017 03:22) Posted:
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Vested unitholders should attend the 21 Apr meeting by SIAS to understand the risk and benefits of various resolutions. Seek independent views of SIAS representatives to answer and verify competing claims by both camps. Deliberate carefully the risk and reward. Do not assume there will be white knights, whether if it is the government or ESR watching your back.
Shareholders so ' scared'
https://www.reitsweek.com/2017/04/embattled-sabana-reit-manager-calls-for-egm-amid-demands-to-step-down.html
It should be good time for ESR to scoop up more shares to vote for the mgr removal and table its replacement with its newly acquired cambridge trust mgr
Agree, I believe SGX is doing something to improve transparency so as to protect small retailed investors interest.
laksaman57 ( Date: 04-Apr-2017 11:14) Posted:
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ESR business connection is indeed far and wide....http://www.redwoodgroup.com/media.html
All started from forum platform to magazine editorial to newspaper reporting and now television mass media, is something big about to happen ?
Shareholders' activism news was featured in Channelnews Asia tonight.
Vibrant need to sell asset. Lucky for Sabana reit, purchase didn' t get thru
http://www.theedgemarkets.com.sg/article/vibrant%E2%80%99s-asset-sale-good-news-more-needs-be-done-dbs
Removing the manager is the easy part. How to find the replacement, none is the wiser. In business, the one without the plan is the first one to get thrown under the truck.
We must act on a single force to remove incompetent manager and to find out any further hanky panky deal...
We cannot let them continue to do what they want. We should do what we can!
We cannot let them continue to do what they want. We should do what we can!
Aiya, just put all three valuation houses' computation tables side by side and check if there are duplication.
W32012 ( Date: 10-Mar-2017 22:23) Posted:
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If the 3 valuation house based on past statistic think a rent of $1.80 to $2.10 is reasonable, it will be difficult to prove legally there is any wrongdoing. This will then be treated as just a difference in opinion between different parties. As the 3 valuation house are established entities, it will be a stretch to think they make such valuation without covering themselves from liability.