Property News · October 31, 2017

Spring Reit asset manager says it will prevail at upcoming unit holder meeting


The asset management team at Spring Reit says it has the support from a majority of unit holders to quash an upcoming motion on whether it should be replaced, drawing battle lines with a local investment manager calling for changes that include replacing the existing manager and improving the governance structure.
Hong Kong-based alternative investment manager PAG, which owns about 12.4 per cent of the reit, has led a campaign to replace the manager, citing what it says is the reit’s…

Source : South China Morning Post
Read more…Spring Reit asset manager says it will prevail at upcoming unit holder meeting

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