22-07-2023, 07:20 PM
This is an interesting test case of hostile reit manager internalisation. ESR and Quarz each has 21% and 15% stake in the REIT. Volare (15% stake) should be working with Quarz. If so,likely the resolution can be passed as it should be based on simple majority present and voting.
Having said this, Quarz have not disclose too much on their plans. Hope they (and Volare) have a detailed execution plan.
Having said this, Quarz have not disclose too much on their plans. Hope they (and Volare) have a detailed execution plan.