Hmmm...still only a few recent listings on commercial guru selling Bryton House. Guess it's still not officially up for sale yet.
Unsuccessful sale also need some time to 'complete'?
No need to be officially on sale. Just send the info to some agents and they will market.
But should just call for a proper tender. $27m is not a small amount.
Should bring this up at the coming AGM.
Maybe EHL decided not to sell it anymore?
Eastern Holdings AGM/EGM notice is out. One of an interesting resoultion in the AGM is #5. Why Eastern Holdings want to pay director fee in advance?
5. To approve the payment of Directors’ fees of S$60,000.00 for the financial year ending 31 March
2014 to be paid quarterly in advance. (Resolution 5)
http://infopub.sgx.com/Apps?A=COW_Corpor...Notice.pdf
Huh? New ID retiring by rotation? Is this common?
(10-07-2013, 05:51 PM)ngcheeki Wrote: [ -> ]Eastern Holdings AGM/EGM notice is out. One of an interesting resoultion in the AGM is #5. Why Eastern Holdings want to pay director fee in advance?
5. To approve the payment of Directors’ fees of S$60,000.00 for the financial year ending 31 March
2014 to be paid quarterly in advance. (Resolution 5)
http://infopub.sgx.com/Apps?A=COW_Corpor...Notice.pdf
This trend is catching on. More and more are doing the advance approval thing. They are not the first. The argument is that the directors can be paid as they do their jobs and not having to wait for the next year to receive their fees.
(10-07-2013, 05:51 PM)ngcheeki Wrote: [ -> ]Eastern Holdings AGM/EGM notice is out. One of an interesting resoultion in the AGM is #5. Why Eastern Holdings want to pay director fee in advance?
5. To approve the payment of Directors’ fees of S$60,000.00 for the financial year ending 31 March
2014 to be paid quarterly in advance. (Resolution 5)
http://infopub.sgx.com/Apps?A=COW_Corpor...Notice.pdf
the money is for the 2 IDs. $30k each.
(10-07-2013, 05:56 PM)smallcaps Wrote: [ -> ]Huh? New ID retiring by rotation? Is this common?
BTW these 2 IDs was not around when the alleged offences was committed.
A quick check showed that Managing Director is not subjected to retirement by rotation.
Two directors that has served the longest period since re-election or appointment will be up for rotation.
So it is either Kenneth, Diong or Narayan.
Seems like Grove Residence 2 sold (instead of 3)