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After bring on a poor product for IPO, this seems to be some amount of saving grace by DBS for their swift action.
The Trustee envisages that the selected candidate should be one that is focused on the long-term rehabilitation of EH-REIT and has a key interest in resolving the current situation for the long-term benefit of the Stapled Securityholders. The selected candidate’s objectives are to be aligned with those of the Stapled Securityholders. The selection of the final candidate will be announced imminently and is expected to be the replacement manager for EH-REIT as well, subject to the necessary approvals (including the Stapled Securityholders’ approval) being obtained at an Extraordinary General Meeting to be convened at a later date. Further information on this process will be announced in due course.
https://links.sgx.com/FileOpen/Trustee%2...eID=636910
The Trustee envisages that the selected candidate should be one that is focused on the long-term rehabilitation of EH-REIT and has a key interest in resolving the current situation for the long-term benefit of the Stapled Securityholders. The selected candidate’s objectives are to be aligned with those of the Stapled Securityholders. The selection of the final candidate will be announced imminently and is expected to be the replacement manager for EH-REIT as well, subject to the necessary approvals (including the Stapled Securityholders’ approval) being obtained at an Extraordinary General Meeting to be convened at a later date. Further information on this process will be announced in due course.
https://links.sgx.com/FileOpen/Trustee%2...eID=636910