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Majority shareholder vote saves APW from wind-up

AIMS Capital Management's ability to put its 38% stake to vote tips the outcome in its favour
Wednesday, January 4, 2017 - 05:50

Singapore

AIMS Property Securities Fund (APW) will not be wound up after all.

After unitholders voted at a meeting which was requisitioned by certain minority investors hoping to close the fund, the results came in overwhelmingly against the motion.

This was mostly due to

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