Quote:Finally, the Manager highlights that in the event of a liquidation under current dire market conditions, the properties will be sold at a substantial discount to fair values.
Dec 2016 valuation
http://infopub.sgx.com/FileOpen/20170125...eID=437166
The valuation was done in Dec 2016 and in Feb 2017, the manager expressed doubts over the valuation. So, did the valuators perform a correct valuation?
I am puzzled. In that case, shouldn't the valuators apply discount to the valuation?
I know it will bust their gearing ratio...haha..
I think the valuators should give a month guarantee to the valuations. Within a month after the valuation, the valuators will have to makan the properties at the valuated price if the properties' owners choose to divest. haha.