SIAS allays fears of Fortune Reit minority shareholders

UNIT holders of Fortune Reit can be assured that they can continue to trade its shares here in Singapore and Hong Kong.

The only change moving forward is that annual general meetings will be held in Hong Kong, said SIAS in a statement on Wednesday evening.

David Gerald, president and CEO of SIAS, said that the securities investors 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.

"Unit holders should also take comfort that the change in listing from primary to secondary does not affect the rights of unit holders in Singapore and it is not a delisting," said Mr Gerald.