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It is on mainstream news now.

http://news.asiaone.com/news/business/an...kicked-out

General Announcement::Clarification announcement on the news article published in the Straits Times

http://infopub.sgx.com/FileOpen/20160126...eID=437447

Maybe Activists should ask Trustee for an opinion for the transactions. I think the trustee fee too good $. They should be acting like an ID rather than merely an administrator. IMHO MAS should tighten up this fiduciary duty of the trustee. They should act on behalf of the interest of the beneficiaries and accountable to the beneficiaries not the manager.

This is canadian law but looks very similar to what I understand our Trust law is, which are both Anglo based. But the ruling is that the trustee's duty is on the trust not the beneficiary:
http://www.lexology.com/library/detail.a...4f75844b83

So another way to phrase it is to ask HSBC their opinion on the transactions to safeguard the interest of the trust.
http://www.sabana-reit.com/the-trustee.html

(24-01-2017, 12:41 PM)Stephen Wrote: [ -> ]Have anyone gotten their rights shares allocation yet? Taking quite long to show the available holdings

Hi Stephen,

You will be able to see your rights allocation now, I think.

I just got a refund to my account from the rights issue.

Using the amount refunded, one should be able to calculate how many units have been issued.

Regards

Vathsa

(27-01-2017, 11:31 AM)Shrivathsa Wrote: [ -> ]

(24-01-2017, 12:41 PM)Stephen Wrote: [ -> ]Have anyone gotten their rights shares allocation yet? Taking quite long to show the available holdings

Hi Stephen,

You will be able to see your rights allocation now, I think.

I just got a refund to my account from the rights issue.

Using the amount refunded, one should be able to calculate how many units have been issued.

Regards

Vathsa

Thanks Vathsa. I saw it in my scb nominee account just today only.

Address investor concerns, Sias urges Sabana Reit
Jacqueline Woo
26 Jan 2017
http://www.straitstimes.com/business/com...abana-reit

Sabana Reit manager to meet unit holders
Marrisa Lee
27 Jan 2017
http://www.straitstimes.com/business/sab...it-holders
______________________________________________________________________________________________________________________________________

(28-01-2017, 08:47 AM)Boon Wrote: [ -> ]Address investor concerns, Sias urges Sabana Reit
Jacqueline Woo
26 Jan 2017
http://www.straitstimes.com/business/com...abana-reit

Sabana Reit manager to meet unit holders
Marrisa Lee
27 Jan 2017
http://www.straitstimes.com/business/sab...it-holders
______________________________________________________________________________________________________________________________________

"The Reit manager would exercise its votes as well, he said"

Effectively, he's warning the guys that they won't succeed even if they do manage to get an EGM going.
The REIT manager's units alone, will prob exceed all the current unitholders who have pledged their support.
Let's not forget that 80% of their fees are paid in units. 
Every year 80% of fees in units.... Activists will have to pay cash and increase by 80% annually just to keep up.
Unitholders get diluted continously... wanna take an activist approach and they can't defeat the manager either.
Tough.

(28-01-2017, 09:31 PM)TTTI Wrote: [ -> ]

(28-01-2017, 08:47 AM)Boon Wrote: [ -> ]Address investor concerns, Sias urges Sabana Reit
Jacqueline Woo
26 Jan 2017
http://www.straitstimes.com/business/com...abana-reit

Sabana Reit manager to meet unit holders
Marrisa Lee
27 Jan 2017
http://www.straitstimes.com/business/sab...it-holders
______________________________________________________________________________________________________________________________________

"The Reit manager would exercise its votes as well, he said"

Effectively, he's warning the guys that they won't succeed even if they do manage to get an EGM going.
The REIT manager's units alone, will prob exceed all the current unitholders who have pledged their support.
Let's not forget that 80% of their fees are paid in units. 
Every year 80% of fees in units.... Activists will have to pay cash and increase by 80% annually just to keep up.
Unitholders get diluted continously... wanna take an activist approach and they can't defeat the manager either.
Tough.

If they wanna prove their mandate, they should abstain from voting in an EGM, and let all the other unit holders decide their fate.
If they are still retained, then they really have the mandate from all the other unitholders

(28-01-2017, 10:10 PM)TTTI Wrote: [ -> ]

(28-01-2017, 09:31 PM)TTTI Wrote: [ -> ]

(28-01-2017, 08:47 AM)Boon Wrote: [ -> ]Address investor concerns, Sias urges Sabana Reit
Jacqueline Woo
26 Jan 2017
http://www.straitstimes.com/business/com...abana-reit

Sabana Reit manager to meet unit holders
Marrisa Lee
27 Jan 2017
http://www.straitstimes.com/business/sab...it-holders
______________________________________________________________________________________________________________________________________

"The Reit manager would exercise its votes as well, he said"

Effectively, he's warning the guys that they won't succeed even if they do manage to get an EGM going.
The REIT manager's units alone, will prob exceed all the current unitholders who have pledged their support.
Let's not forget that 80% of their fees are paid in units. 
Every year 80% of fees in units.... Activists will have to pay cash and increase by 80% annually just to keep up.
Unitholders get diluted continously... wanna take an activist approach and they can't defeat the manager either.
Tough.

If they wanna prove their mandate, they should abstain from voting in an EGM, and let all the other unit holders decide their fate.
If they are still retained, then they really have the mandate from all the other unitholders

This reit is like a money printing machine to the manager , will they give up so easily ?

If the manager is voted out, it will not be chaotic because the manager has to serve out the remaining contract signed with the Trustees.  At all times, there must be a Manager in charge and this is the law.  When the manager contract is finished, then a new manager (internal or external) can come in .  There will never be a time when there is no manager and MAS put that in the law. MAS and HSBC Trustee  oversee this whole transition process.

A group of widely dispersed minority shareholders will never get to run the REIT or oversee the transition process. Logic will tell you that MAS will not let a group of unlicensed motley crew take over  the REITs owned by more than 12,600 people. Follow the law. Follow the due process. Have faith in the system, the same system that allow us to remove the manager if we are not happy with their performance.                                        http://sabanareit.blogspot.sg/                                                                     
NOT VOTING IS A VOTE TO KEEP THE MANAGER!!!