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HOCK LOCK SIEW

Comparing Reit fees: two cases of anomalies

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A recent report by ING Bank did not sit well with the managers of Keppel Reit and Suntec Reit because it showed them to be grossly overpaid.

A RECENT report by ING Bank did not sit well with the managers of Keppel Reit and Suntec Reit because it showed them to be grossly overpaid. This was not a research report, but an independent financial adviser's report done by bankers to give an opinion to CapitaLand Mall Trust (CMT) unitholders