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06-01-2018, 10:11 AM
(14-04-2016, 11:33 AM)Muck Wrote: PREH seeks to wind up Capitol entities because of a deadlock with its partner. This is one risk that any investor should consider for those assets where PREH does not hold a majority stake. This happened with 112 Katong and now Capitol.
http://www.businesstimes.com.sg/companie...th-pontiac
Looks like an end to the dispute?
On 3 January 2018, the Perennial Entities entered into a settlement agreement with Chesham Properties Pte. Ltd. (“Chesham”), Perennial (Singapore) Retail Management Pte. Ltd. and Patina Hotels & Resorts Pte. Ltd. (the “Settlement Agreement”). The Settlement Agreement provides for a mechanism by which either the Perennial Entities or Chesham will purchase all of the others’ shares in the Perennial Entities’ associated companies (the “Proposed Transaction”), Capitol Investment Holdings Pte. Ltd., Capitol Retail Management Pte. Ltd. and Capitol Hotel Management Pte. Ltd. (collectively, the “Capitol Entities”). The sale and purchase of shares is expected to be completed within 19 weeks of the date of the Settlement Agreement
http://infopub.sgx.com/FileOpen/Perennia...eID=484082