27-08-2017, 10:31 PM
SGX to review practices in real estate valuation
PUBLISHED
AUG 18, 2017, 5:00 AM SGT
http://www.straitstimes.com/business/com...-valuation
........................It also follows news earlier this year that Sabana Shari'ah Compliant Industrial Reit's planned move to acquire a property in Changi South Avenue from its sponsor Vibrant Group had drawn the ire of some unit holders, who questioned the valuation reports made by three houses.
Mr Kevin Xayaraj, chief executive and executive director of the Reit's manager, has tendered his resignation, while the proposed deal has been terminated.
PUBLISHED
AUG 18, 2017, 5:00 AM SGT
http://www.straitstimes.com/business/com...-valuation
........................It also follows news earlier this year that Sabana Shari'ah Compliant Industrial Reit's planned move to acquire a property in Changi South Avenue from its sponsor Vibrant Group had drawn the ire of some unit holders, who questioned the valuation reports made by three houses.
Mr Kevin Xayaraj, chief executive and executive director of the Reit's manager, has tendered his resignation, while the proposed deal has been terminated.
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