By Lee Kah Whye
Singapore, Dec. 12 -- itholders of RHT Health Trust, a business trust listed on the Singapore Exchange (SGX), were expecting the EGM scheduled for 10am on December 3rdat The Temasek Club in Singapore to be a routine one.
There was only one main item on the agenda and that was to vote on the winding up of the company and proposed distribution of the remaining assets. However, a decision by the Supreme Court of India on November 15th upended plans and the EGM was called off at the last minute.
A statement by RHT's trustee-manager said that it will be in the interest of unitholders to adjourn the EGM. This is because of RHT's legal counsel in India had advised that if the winding-up proceeded, the Court may view it as an act...