Property News · October 24, 2017

Spring Reit to hold meeting in November on whether to remove asset manager


Spring Real Estate Investment Trust (reit) said it would hold an extraordinary meeting on November 10 to discuss a resolution proposed by alternative investment manager PAG to replace its asset manager, according to filings on the Hong Kong stock exchange on Tuesday evening.
PAG, which owns about 12.4 per cent stake in the reit, has proposed the replacement of Spring Asset Management with an internally employed team.
If the resolution is passed, the second resolution on the internalisation of…

Source : South China Morning Post
Read more…Spring Reit to hold meeting in November on whether to remove asset manager

You may also like...