15-03-2014, 04:30 PM
This is a reverse takeover. After the whole deal, it will be called Perennial Real Estates Holdings Ltd (PREHL) and Phua Sek Guan will be the CEO, and PREHL will then be transferred to the main board.
It sounds to me the whole exercise is for PCRT to change from a model of business trust to that of a normal corporation to remove the constraints of being a business trust.
It sounds to me the whole exercise is for PCRT to change from a model of business trust to that of a normal corporation to remove the constraints of being a business trust.