Ascott Reit's retail investors have big say in merger with A-HTrust
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Angela Tan
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MANY retail investors do not realise the importance of submitting their proxy forms or turning up at extraordinary general meetings (EGMs) and scheme meetings convened by companies.
They assume that as minority shareholders they have little or no power to affect the voting outcomes of resolutions to be approved at EGMs. They can't be more wrong.
Retail investors of Ascott Residence Trust (Ascott Reit), in fact, hold the power to change the future of not only Ascott Reit, but also that of Ascendas Hospitality Trust (A-HTrust).
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