SIAS allays fears of Fortune Reit's minority shareholders

Singapore

UNITHOLDERS of Fortune Reit can continue to trade its shares here in Singapore and Hong Kong. The only change moving forward is that annual general meetings for the Reit will be held in Hong Kong, said the Securities Investors Association (Singapore) in a statement on Wednesday evening.

David Gerald, president and CEO of SIAS, said that the association had received concerns from minority shareholders of Fortune Reit regarding the Reit's proposed change in listing status from primary to secondary on SGX.