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SABANA REIT / REIT MANAGER CAD INVESTIGATION

Singapore and Hongkong thrives as a financial hub because of clear and unambiguous law that gives certainty to businesses. They are inherently pro-businesses. Financial engineering itself is not a fraud. This is a reality. Even if you think the law should be improved, the improvement is only applied forward, not retrospectively. For a successful financial hub, we need a lot of fund houses to be based here. These fund houses are also businesses. This is why our law is pro-businesses.

 

I have faith that the MAS and the CAD will do what' s best for investors, we need to protect our image as a financial centre and as a REIT exchange. Otherwise, the REITs will start running away and institutions will list their REITs in other exchanges,... look at Tianfang,...

 

I think i getting to know what you mean. I concur .... no point talking anymore

ACTIVIST_SPEAKS      ( Date: 11-Mar-2017 07:46) Posted: --- Post Removed by User ---

 

Such statement should not be made without reasonable grounds. It is unfair to all the valuers involved. There are 3 valuation houses and staffs involved here. 

laksaman57      ( Date: 13-Mar-2017 00:32) Posted: Valuation house just an entity where wrong doer work in. House get fee, wrong doer get ? W32012      ( Date: 12-Mar-2017 17:07) Posted: Valuation houses only get a fee for making a valuation. Why will a valuation house stake their reputation for a fee that is so insignificant compared to their global operations. There are 3 valuation houses involved in this instance.

 

A problem cannot be solved if it' s defined wrongly.

Ask the right question, and you will get the right answer

 

Valuation house just an entity where wrong doer work in. House get fee, wrong doer get ?

W32012      ( Date: 12-Mar-2017 17:07) Posted: Valuation houses only get a fee for making a valuation. Why will a valuation house stake their reputation for a fee that is so insignificant compared to their global operations. There are 3 valuation houses involved in this instance.

 

Valuation houses only get a fee for making a valuation. Why will a valuation house stake their reputation for a fee that is so insignificant compared to their global operations. There are 3 valuation houses involved in this instance. 

 

SGX and MAS always pro the crooks , like at the S chipswich coasters, billi
Ns had been conned , what have MAS abd SGX done for investors ?

 

Don't place too high hopes. It could at most just be a gentle slap to the wrist.

mrwise      ( Date: 11-Mar-2017 09:11) Posted: I suppose MAS and CAD will look into this matter seriously to uncover any wrong doing (if there is) and do the necessary action to protect all shareholders and general market confidence. The REITs market cannot be tarnished by some black horses who profited for their own gains only! Time to discover the truth!  Those found to have involved in any wrong doing...should be punished real hard !

 

Even City Harvest complex financial maze got dismantled 😅

 

http://www.channelnewsasia.com/news/business/ex-barclays-traders-put-money-before-honesty-uk-court-hears/3557226.html

 

Complacency will deal them in . Top mgt may now be scrambling to find out which project lead did the computation and submit to the reit mgr. Even big bank, Barclay, got caught rigging global Libor interest rate.

W32012      ( Date: 12-Mar-2017 14:26) Posted: Three reputable valuation houses have deem it appropriate to put their name and reputation behind the valuation. They have been in the industry long enough to know how to cover their own liability and iron-clad their valuation from legal challenges. The probability of finding " fraud" in the valuation is almost zero.

 

Three reputable valuation houses have deem it appropriate to put their name and reputation behind the valuation. They have been in the industry long enough to know how to cover their own liability and iron-clad their valuation from legal challenges. The probability of finding " fraud" in the valuation is almost zero. 

 

I see that many ppl around the world is looking at the development of this matter and what are the actions from CAD, MAS and SGX...

The future of all REITs confidence level also depend on the outcome and the justice to be prevailed!!!

chengwh1      ( Date: 12-Mar-2017 13:18) Posted: As a REIT investor,... I am for justice and transparency in this matter too,... I am thnking of buying units now to be able to attend the EGM and to participate in these events. Our MAS and CAD must do all they can to protect investors, not only the  retails investors, for there are insto investors here too. The SGX' s image must be upheld,... Whatever that is going to happen to Sabana REIT from now on will set itself as an eg for future REITs and investors to think about,... not only in Singapore, but perhaps for the whole world too. When is the date of the EGM ?

 

As a REIT investor,... I am for justice and transparency in this matter too,... I am thnking of buying units now to be able to attend the EGM and to participate in these events. Our MAS and CAD must do all they can to protect investors, not only the  retails investors, for there are insto investors here too. The SGX' s image must be upheld,... Whatever that is going to happen to Sabana REIT from now on will set itself as an eg for future REITs and investors to think about,... not only in Singapore, but perhaps for the whole world too.

When is the date of the EGM ?

 

Let's see if MAS and CAD can clear our doubts on this. If the valuator all uses the same method, why pay extra money to engage them since the end valuation result is the same ??? Is this questionable and justifiable ??? Hopefully justice will reveal no matter what !!! The shareholders money should be spent wisely and not to be spending like water ...in the end..we keep losing....how can we "tahan" this ???

 

Wrong doing in one's physical action can be argued till sunset, with clever words play , but if wrong doing in the clear black and white nbr can also escape then really 'don't-know-what-to-say'

 

Stupid-or-what, just simply need to put all three valuation house's formulation table side by side to compare can liao.

 

Exactly $23 mil valuation frm 3 entirely diff valuators ? Seriously ? Sgx stupid or what !

 

Morally questionable definitely but this does not automatically means legal liability. With 3 independent valuation houses behind them, prima facie there seems no legal basis against them. What unitholders can hope for is for ESR and Tong Jinquan to join force to execute a hostile bid for the assets of the Reits. That is if they think the assets are what they see as valuable.