Thursday, August 29, 2013

Forterra Trust

Forterra Trust: following completion of a share sale transaction, the Nan Fung group has emerged as the largest unitholder of the trust, with effective control over 29.98% of the issued units. Accordingly, the board welcomes Mr Vincent Cheung and Mr Eric Chung, both from the Nan Fung group, to replace Mr Richard Barrett and Mr Rory Williams as new non-Independent non-Executive Directors. Management recognizes the market’s positive response to the transaction, represented by a ~32% increase in Forterra’s unit price since the first announcement on 22 Jul 2013, and will continue to work towards delivering stable unitholder distributions no later than 2015.

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