Another undervalued investment of mine is no more?

(How much is a company worth if it ceased operation today?)
Today, a reader sent this to me:

Hi AK, is this related to AAReit har?

http://www.businesstimes.com.sg/companies-markets/property-fund-of-aims-under-attack-from-wind-up-attempt?xtor=EREC-16-1[BT_Newsletter_1]-20170102-[Property+fund+of+AIMS+under+attack+from+wind-up+attempt]&xts=538380

AK says:
This is not about AIMS AMP Capital Industrial REIT. It is about AIMS Property Securities Fund which I blogged about in November last year.

From the article:

“… Australian fund AIMS Property Securities Fund (APW), is currently under attack from minority unitholders who have convened a Jan 3 meeting to vote on a motion to wind up the fund.

“The motion was initiated by Samuel Terry Asset Management, a Sydney-based boutique investment management company, which claims to have amassed substantial support from other unitholders to go against APW’s majority shareholder, AIMS Financial Group.

“However APW’s executive chairman George Wang is confident of defeating the motion, pointing out in a recent interview with The Business Times that this is not the first time Samuel Terry (referring to the company) has tried …

Read the full article →

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