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merger vote

$Mapletree PanAsia Com Tr (N2IU.SG)$
Any news on the proposed merger vote yet?
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  • IceLemonade : No, but hopefully it got rejected. Although the chance is very low

  • NIMOH : Obtained from The Singaporean Investor.

    Results of the 4 Resolutions Put to Vote during the EGM

    Resolution 1, which is to approve the proposed Merger of Mapletree Commercial Trust and Mapletree North Asia Commercial Trust by way of a trust scheme of arrangement, was passed with 91.67% of the votes for, and 8.33% of the votes against.
    Resolution 2, which is to approve the proposed allotment and issuance of units of Mapletree Commercial Trust to the holders of units in Mapletree North Asia Commercial Trust as full or part of the consideration for the Merger, was passed with 91.70% of the votes for, and 8.30% of the votes against.
    Resolution 3, which is to approve the Whitewash Resolution in relation to the Concert Party Group, was passed with 85.73% of the votes for, and 14.27% of the votes against.
    Resolution 4, which is to approve the proposed amendments to the MCT Trust Deed to adopt the Management Fee Supplement, was passed with 92.15% of the votes for, and 7.85% of the votes against.

  • 101683953 OP : Thank you NIMOH. Expected but still sad.