REIT ASIAPAC MAGAZINE REITASIAPAC 4Q 2018 ISSUE

PERMIT: 367451 FOURTH QUARTER ISSUE 2018 INSIGHTS INTO THE PEOPLE, ISSUES AND IDEAS DRIVING THE ASIA PACIFIC REIT MARKET. W W W . R E I T A S I A P A C . C O M SHAREHOLDER ACTIVISM EXCLUSIVE PAG-SPRING TAKEOVER BATTLE WHAT BOTH SIDES SAY Read on page 4 JAPAN REITS TECHNOLOGY OUTLOOK LEGISLATION MALAYSIA Who Is Leading in Corporate Governance? Invincible Explains Their Governance Stance How Will Tokenisation Disrupt the REIT Sector? Admiral’s Top Picks for 2019 The Ripple Effect of Lippo Karawaci’s Liquidity Issues. How Are M-REITs Coping? What’s Wrong with J-Reits’ Secondary Offerings? PAGE 12 PAGE 25 PAGE 29 PAGE 22 PAGE 32