Judge questions whether Thomson View’s S$810 million en bloc deal secured 80% mandate within time stipulated
Lawyer representing collective sale committee asked to file affidavit on how the collective sale agreement and supplementary agreement differ
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[SINGAPORE] A High Court judge has questioned whether Thomson View Condominium received the 80 per cent mandate required for its collective sale to go through within the one-year period stipulated under the law.
On Thursday (May 22), Justice Audrey Lim said that based on the evidence before the court, some of the 206 signatures appeared to have been obtained outside the 12-month period given for the collective sale committee to get 80 per cent of unitholders’ signatures.
In response, Hui Choon Wai, a partner at law firm Wee Swee Teow, which is representing the collective sale committee, clarified that the 206 signatures were from owners who had signed both the collective sale agreement and a supplementary agreement.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025