Post Reply
1-20 of 319
RHT Health Trust to delist on Jan 31 amid ongoing liquidation
RHT Health Trust : RF1U 0% will delist from the Singapore Exchange&rsquo s (SGX) mainboard at 9 am on Wednesday (Jan 31), its trustee-manager said on Monday.
The move comes after SGX said it had no objection to the delisting on Jan 24, on the basis of RHT&rsquo s winding up.
In November 2023, the Singapore High Court ordered for the trust to be wound up following an application from the trustee-manager. Victor Goh and Khor Boon Hong from Baker Tilly Consultancy in Singapore were appointed as liquidators.
One month later, two RHT subsidiaries were placed under members&rsquo voluntary liquidation as well.
The trustee-manager filed an application last year to wind up RHT Health Trust. The trading of the trust&rsquo s units, last priced at S$0.019, has been suspended since Nov 28, 2019. The suspension came after the trustee-manager proposed to adjourn an extraordinary general meeting seeking unitholder approval for a voluntary winding-up.
India&rsquo s Supreme Court on Nov 15, 2019, held Fortis Healthcare&rsquo s founders &ndash Malvinder Singh and Shivinder Singh &ndash guilty of contempt of court.
Fortis had purchased RHT&rsquo s entire portfolio of healthcare assets in January 2019. The Indian Supreme Court, in its judgment, viewed the disposal of RHT&rsquo s portfolio and other transactions as wilful disobedience of the court&rsquo s order on Dec 14, 2018.
At the time, RHT&rsquo s Indian legal counsel advised the trustee-manager not to proceed with the winding-up.
Delist on 31 Jan 2024 😕
www.businesstimes.com.sg/companies-markets/ihhs-fortis-takeover-faces-fresh-legal-hurdle-after-court-order%3fampKnow-Your-Stuff ( Date: 04-Dec-2019 11:14) Posted:
SGX keep very quiet so far. SIAS also keep quite.
Bigdean ( Date: 04-Dec-2019 09:40) Posted:
| Can't do anything now.
Shares burn? |
|
|
|
SGX keep very quiet so far. SIAS also keep quite.
Bigdean ( Date: 04-Dec-2019 09:40) Posted:
| Can't do anything now.
Shares burn? |
|
Can't do anything now.
Shares burn?
Adjournmnet carried and about 31% against only.
Bigdean ( Date: 03-Dec-2019 13:38) Posted:
|
Hi, any news? ð???
Tomorrow morning, you just bring your NRIC will do. Don' t need any letter
10am @ Temasek Club
when and where is the EGM?
sgfreestyler ( Date: 02-Dec-2019 10:09) Posted:
| Damn.. I can't find my EGM letter.... |
|
Damn.. I can't find my EGM letter....
yes, must turn up to stop this adjournment nonsense
Bring the EGM letter and your IC.
sgfreestyler ( Date: 29-Nov-2019 10:18) Posted:
| I tried to go down.. anything to prepare before going down? Any form to fill up first? |
|
I tried to go down.. anything to prepare before going down? Any form to fill up first?
Because its a roti prata ah nei company. SingTel got hit recently. If I read correctly, if court order a voluntary wind up, then no cash distribtion, aka all money for distribution will be "chiong kong".
So all shateholders better turn up and vote against adjournment and vote for cash distribution.
chengwh1 ( Date: 08-Nov-2019 18:46) Posted:
| I was thinking earlier that all healthcare REITs and Trusts shld do well, with the ageing population themes, etc,... but this one failed,... what happened ? |
|
Can appoint proxy that those who are attending.
Who to vote if not able to attend?
lynn89 ( Date: 28-Nov-2019 10:14) Posted:
RHT proposes to adjourn EGM on 3 Dec.
Must vote against this delaying method.
Must attend to vote on 3 Dec |
|
RHT proposes to adjourn EGM on 3 Dec.
Must vote against this delaying method.
Must attend to vote on 3 Dec
Well.. u can look at thomson medical..
chengwh1 ( Date: 08-Nov-2019 18:46) Posted:
| I was thinking earlier that all healthcare REITs and Trusts shld do well, with the ageing population themes, etc,... but this one failed,... what happened ? |
|
Trading halt. What' s up?
