The Housing Authority is vowing to press ahead with the listing of the Link (Real estate Investment Trust) next week and seeking deadline of 8 am on Monday, for the court of Appeal to resolve any legal challenge. The decision to proceed with the conditional listing came after public housing tenant lost her appeal against the privatisation of Housing Authority’s shopping centers and car parks. Charles Kiethly reports,
Share certificates will be sent to subscribers today. It will long become valid at 8 am on Monday, provided the global offering becomes unconditional. If further problems arise, the offering doesn’t proceed, money from the successful applications will be returned. The decision to proceed with conditional listing was made after crisis talks between the Housing Authoririty and underwriters The authority intends to apply to court of final appeal today to shorten the time allowed for lodging appeal which is usually 28 days.