Property News · November 2, 2017

PAG reports Spring Reit manager to watchdog for ‘inaccuracies’ in circular to unit holders


PAG Real Estate, an investor in Spring Reit, has asked the Securities and Futures Commission to take action against the reit’s manager for presenting inaccurate information that could prevent unit holders from making a well-informed voting decision ahead of a motion to have the manager replaced.
The alternative investment management company owns about 12.4 per cent of the reit. In a letter submitted to the securities watchdog as well as the Stock Exchange of Hong Kong, PAG said the…

Source : South China Morning Post
Read more…PAG reports Spring Reit manager to watchdog for ‘inaccuracies’ in circular to unit holders