Perennial China Retail Trust

[MINX]

gone case .... become $0.70 and no more dividend

In this case, can PCRT's minority shareholders vote against the take over by ST James?
Why did Pua Sek Guan agree to it, seems like a bad deal for PCRT shareholders?

It is at a premium because last traded price was 0.545 , so why bad deal for minority of PCRT ?

PCRT's NAV is 74c, their offer is below book value. You are forced to trade your shares for St James & there is a share reduction, 50 shares to 1 share so you'll end up with odd lots. The devil is in the details, i'm still trying to figure out the ramifications with my limited know how. But it seems like a lousy deal for PCRT minority share holders, especially those who got in earlier at higher prices. It might be better to maintain status quo.