15-09-2013, 03:30 PM
Just compiled the sale of suntec reit units for management fee and acquisition fee.
It seems that ARA made loss regarding to its acquisition fee paid in units in 2011. acquisition fee units were issued @1.45, but the units were sold in early 2012 around 1.23.
It is so weird that ARA did not sell any units when Suntec Reit ran almost into $2. The sale of Suntec units has stopped since mid 2012 and Suntec Reit had a great run.
It only started to sell the units again recently around 1.5 - 1.6.
What was the management thinking of when Suntec Reit was around $2 early 2013?
It seems that ARA made loss regarding to its acquisition fee paid in units in 2011. acquisition fee units were issued @1.45, but the units were sold in early 2012 around 1.23.
It is so weird that ARA did not sell any units when Suntec Reit ran almost into $2. The sale of Suntec units has stopped since mid 2012 and Suntec Reit had a great run.
It only started to sell the units again recently around 1.5 - 1.6.
What was the management thinking of when Suntec Reit was around $2 early 2013?