Save as disclosed above, there were no additional Interested Person Transactions (excluding
transactions of less than S$100,000 each) entered into during the financial year under review.
On 10 February 2004, the SGX-ST has granted a waiver to CMT from Rules 905 and 906 of the Listing
Manual of the SGX-ST in relation to, inter alia, payments for management fees, payments for
acquisition and divestment fees, as well as payments of trustee’s fees. Such payments are not to be
included in the aggregated value of total interested person transactions as governed by Rules 905
and 906 of the Listing Manual of the SGX-ST as long as there are no changes to the terms, rates
and/or bases for such fees and expenses.
In addition, the entry into the Master Property Management Agreement 2011 dated 1 December 2011
was approved by the Unitholders at an extraordinary general meeting held on 13 April 2011 and the
total property management fees and reimbursements to the property manager in respect of payroll
and related expenses payable thereunder were aggregated for the purpose of Rule 905 in FY 2011.
Accordingly, such fees and expenses will not be subject to aggregation or further Unitholders’
approval requirements under Rules 905 and 906 of the Listing Manual of the SGX-ST, to the extent
that there is no subsequent change to the rates and/or bases for such fees and expenses.
Please also see Note 23 on Related Parties in the financial statements.
SUBSCRIPTION OF CMT UNITS
For the financial year ended 31 December 2014, an aggregate of 3,023,618 CMT units were issued
and subscribed for. As at 31 December 2014, 3,462,180,310 CMT units were in issue and
outstanding. On 3 February 2015, 731,988 CMT units were issued to the Manager as payment of its
asset management fees for the fourth quarter of 2014 in relation to CMT’s 40.00% interest in Raffles
City Singapore through RCS Trust.
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