For instance, independent directors must make up at least half of boards of Reit managers where unitholders do not have the right to appoint directors.
A trust scheme of arrangement is a"fair and equitable" way of effecting the merger, as it will provide a binary outcome -"all or nothing" - for the proposal, the manager added. Those abstaining from voting on the scheme are ESR-Reit's manager, its concert parties and the common substantial unitholders of both Reits - including ESR Cayman, which holds 20.88 per cent of Sabana; Chinese billionaire Tong Jinquan, who holds 3.3 per cent; Wealthy Fountain Holdings; and e-Shang Infinity Cayman.
The board of the Sabana manager also highlighted that the proposed merger was the only formal offer it had ever received.
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Should MAS, SGX RegCo weigh in on Sabana-ESR merger?THE Monetary Authority of Singapore (MAS) and Singapore Exchange Regulation (SGX RegCo) could be on the verge of getting drawn into the controversial proposed merger of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) and ESR-Reit, whose managers are both controlled by Hong Kong-listed ESR Cayman. Read more at The Business Times.
स्रोत: BusinessTimes - 🏆 15. / 51 और पढो »
Should MAS, SGX RegCo weigh in on Sabana-ESR merger?THE Monetary Authority of Singapore (MAS) and Singapore Exchange Regulation (SGX RegCo) could be on the verge of getting drawn into the controversial proposed merger of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) and ESR-Reit, whose managers are both controlled by Hong Kong-listed ESR Cayman. Read more at The Business Times.
स्रोत: BusinessTimes - 🏆 15. / 51 और पढो »
Singapore competition watchdog clears S Korean shipbuilders' mergerTHE Competition and Consumer Commission of Singapore (CCCS) has cleared the proposed merger between Korea Shipbuilding & Marine Engineering (KSOE) and Daewoo Shipbuilding & Marine Engineering (DSME). Read more at The Business Times.
स्रोत: BusinessTimes - 🏆 15. / 51 और पढो »