SEO Version
FORTERRA
ANNUAL REPORT 2013
REPORT OF THE TRUSTEE-MANAGER
OF FORTERRA TRUST
56
The directors of Forterra Real Estate Pte. Ltd. (formerly known as Treasury Holdings Real Estate Pte.
Ltd.), the Trustee-Manager of Forterra Trust (the “Trust”) and its subsidiaries (together referred to as
the “Group”), are pleased to submit this annual report to the Unitholders of the Trust, together with
the audited financial statements for the financial year ended 31 December 2013.
Directors
The directors of the Trustee-Manager in office at the date of this report are as follows:
Eric CHUNG Chun Kwong
Chairman, Non-Executive and Non-Independent Director, appointed on
28 August 2013 and appointed as Chairman on 10 October 2013
Andrew SEAH Choo
Executive Director and Chief Executive Officer (“CEO”), appointed as CEO
and Executive Director on 4 November 2013 and 22 November 2013,
respectively
John LIM Kok Min
Lead Independent Director, appointed on 10 October 2013
Paul CHENG Kwok Kin
Independent Non-Executive Director, appointed on 10 October 2013
John LEE Ting Kong
Independent Non-Executive Director, appointed on 10 October 2013
Dr. TAN Khee Giap
Independent Non-Executive Director
YOON Wai Nam
Independent Non-Executive Director
Vincent CHEUNG Sai Sing
Non-Executive and Non-Independent Director, appointed on 28 August
2013
Nelson TANG Chun Wai
Non-Executive and Non-Independent Director, appointed on 22 November
2013
Following the completion of the acquisition of the 100% equity in the Trustee-Manager by wholly-
owned subsidiaries of Nan Fung International Holdings Ltd during the year, Richard Joseph BARRETT
and Rory John WILLIAMS resigned as Directors of the Board on 28 August 2013, while Peter Graham
SUGDEN, Richard Anthony DAVID and XU Sitao resigned as Directors of the Board on 10 October 2013.
Principal activities of the Trust
The principal activity of the Trust is to own, invest in and proactively manage income-producing real
estate used primarily for office, retail, industrial/logistics purposes as well as hotels and serviced
apartments located in the People’s Republic of China, the Hong Kong Special Administrative Region
and the Macau Special Administrative Region (collectively the “Greater China”), and real estate-related
assets in relation to the foregoing. The Trust may acquire, hold or develop land, under-performing
assets or uncompleted developments to be used as commercial real estate located in the Greater
China, with the objective of providing proactive management solutions to deliver maximum value that
results in either the holding of the properties upon completion or the disposal of the properties on a
strategic basis.
Powered by FlippingBook Publisher