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Why assumes others are also unhappy ? Bird brain !
Keep this thread active and listed under 'latest thread' so it csn catch the attention of some unaware sabana shareholder
laksaman57 ( Date: 10-Feb-2017 18:54) Posted:
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0.6% come from 66 active shareholders but there are 320 members at the facebook which can mean there are additional 254 shareholders with ?? shares. And many more shareholder reading this forum
Its still possible to boot👊 out the mgr ...only if all unite as one🎯
Wind22i ( Date: 10-Feb-2017 18:16) Posted:
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Only a very small group of unit holders unhappy with the manager and talk about liquidating the reit . Is it fair to the big majority who are happy with the manager ? Really frogs in the well.
0.6% vote only..how to pass?
So I urge every unit holder to stand united and voted out the Sabana manager so as to regain the deserving value of the REIT price.
ehclim ( Date: 10-Feb-2017 18:11) Posted:
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SINGAPORE (Feb 10): The rising stock of a company is a good thing for its management, signalling better earnings and bonuses.
But in the case of Sabana REIT, a rising unit price could very well mean putting its current manager out of a job.
On Feb 6, 66 dissident minority unitholders holding a 0.6% stake in the REIT filed a requisition for an EGM.
The resolutions for the EGM include voting out the current manager.
If the resolution to vote out the current manager is not passed, the dissident unitholders want to put forward resolutions to divest the REIT&rsquo s properties and return the cash to unitholders.
| laksaman57 ( Date: 10-Feb-2017 16:43) Posted: |
👍
mrwise ( Date: 09-Feb-2017 14:01) Posted:
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If during egm, many resolutions appeared for voting then there will be dilution and claim may arise that shareholders' direction is unclear. It would be better if only one resolution is table for voting or within this forum/Facebook to propose to support one single resolution.
how is the vote of e resolutions going to be conducted? By shareholdings or show of hands? Any idea?
mrwise ( Date: 09-Feb-2017 14:01) Posted:
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The longer they takes to convene the EGM, the more supporters we can gather!
mrwise ( Date: 09-Feb-2017 13:54) Posted:
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Supported!
United as one force!
ehclim ( Date: 09-Feb-2017 13:42) Posted:
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We urge all the unit holders to step forward to support and boot out the irresponsible manager once the EGM is convened. We will make history in SGX of the unprecedented movement to remove the useless manager. Unity is strength.
mrwise ( Date: 08-Feb-2017 22:18) Posted:
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Well said!
laksaman57 ( Date: 08-Feb-2017 10:23) Posted:
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http://sabana.listedcompany.com/news.html/id/567104
the mgr are paid 0.5% of assets manged..
so keep buying..u pay .5% as fees every year after purchase...property bought profit or loose..they make..
no money ask for right issue qed.
n the buying conitnues..n more rights issue...qedmore fees forever
Such wide divide in valuation should warrant query by sponsor's shareholders & sgx