warrant                  : consider to separate offering price for shares and warrant Public Offering Placement (PO Placement) Approval criteria is the same as an offer for sale of shares / CD / warrant to

structure   A REIT is not a juristic person, but a pool of assets owned by a trustee. A trustee is entrusted with powers to oversee and administer assets of the trust in interests of the unitholders, who are

in a continued and credible manner.   Good internal control Specify the scope of powers and duties and approval of transactions in a transparent form in writing. Separate the powers to approve, record