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Corporate Governance Report
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Interested Person Transactions
The Board of the Trustee-Manager has established an internal control system to ensure that all future Interested Person
Transactions are undertaken on normal commercial terms and will not be prejudicial to the interests of the Unitholders. For
the purposes of Rule 907 of the SGX-ST Listing Manual, other than the transactions voted on by the former shareholders
of China Real Estate Opportunities Ltd, as disclosed in the TCT Introductory Document, there were no Interested Person
Transactions for the year ended 31 December 2011.
Risk Management
The Trustee-Manager reviews and improves the business and operational activities of TCT to identify areas of significant
business risks as well as take appropriate measures to control and mitigate the risks. All significant control policies and
procedures are reviewed and any significant matters are highlighted to the Audit Committee and the Board. Financial risk
management is highlighted in Note 28, pages 105 to 110.
Use of Private Placement Proceeds for the Financial Year ended 31 December 2011
An amount of $26.7 million was raised by way of offer and placement of new units in TCT in December 2010 and the units
were admitted to trading on the SGX-ST on 23 December 2010. In addition to this an amount of $59.7 million was raised by
issue of a convertible bond in February 2011. Following the completion of the acquisition of Central Avenue Mall and Huai
Hai Mall during the year, the placement and bond proceeds have been fully utilized.
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