Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — Religare Health Trust — Shareholder Meeting (December 2019)
12 slides from Singapore Exchange's shareholder meeting presentation, Dec 3, 2019
Slide 1: Proposed Adjournment of EGM
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Slide 2: Slide 2
Slide 3: Key Events
Key Events e January 2019 Completion of the disposal of the entire asset portfolio of RHT to Fortis on 15 January 2019. RHT was deemed to be a cash trust with effect from 15 January 2019. Unitholders received 95% of the Net Proceeds as Special Distribution, which amounted to S$0.752 per Unit. © Marc
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Slide 5: Recent Developments
Recent Developments ET = e 15 November 2019 A judgment of the Supreme Court of India was released. The Judgment states that the disposal of the entire asset portfolio of RHT to Fortis on 15 January 2019, “is a matter which is required to be gone into”. The Court was also of the prima facie view that
Slide 6: Legal advice
Legal advice
Slide 7: Legal Advice
Legal Advice Independent legal counsel received by Trustee-Manager: * While RHT is not party to the contempt proceedings at the moment, if RHT were to proceed with the EGM and Voluntary Winding Up vote, there will be risks involved. * RHT could be seen as doing something that is contrary to the judg
Slide 8: What happens next?
What happens next?
Slide 9: What Happens Next
What Happens Next If Adjournment Vote is carried: * At this stage, RHT will not be taking any further steps in relation to the voluntary winding up. * The next Court hearing commences on 3 February 2020. ° Trustee-Manager will be closely monitoring developments leading up to the hearing, and the pro
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Slide 11: Key Events
Slide 12: Thank You
Religare Health Trust — Shareholder Meeting (December 2019) on 6ix