28-04-2017, 09:51 PM
(28-04-2017, 09:29 PM)Ray168 Wrote: Consolidation...
During the AGM, unit holders manage to stop the Manager to issue Unit
R3: To authorise the Manager to issue Units and to make or grant convertible instruments.
http://sabana.listedcompany.com/newsroom...KALZ.2.pdf
Without the general mandate, the manager is virtually hamstrung. This also means its plan to acquire a four-storey light industrial building at 47 Changi South Ave 2 from its sponsor will also have to be aborted.
http://www.theedgemarkets.com.sg/sabana-...ager-fails