Treasury China Trust manager issues clarification re Irish reports

It said unitholders should exercise caution when trading based on media reports.

The statement by Treasury Holdings Real Estate Pte. Ltd. read:

It has come to the attention of the Board of Directors of Treasury Holdings Real Estate Pte. Ltd that there are media reports in Ireland which quoted statements allegedly made by certain former independent non-executive directors of THRE, alleging among other things, various matters about THRE and Treasury China Trust.

Unitholders are advised to exercise caution when trading based on media reports which may not contain accurate or complete information.

In addition, the Board takes a serious view of any breach of confidentiality, even if made by former directors, and will review if any such breach has occurred.

The Board reserves all rights in this regard. THRE will make the relevant announcements if appropriate and / or after seeking the necessary clarification.

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.