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Singapore REITs

Sabana REIT Seeks Legal Advice After Requisition Notice

November 12, 2020 – Sabana Shari’ah Compliant Industrial REIT gave announced that it is “considering” the requisition notice from its insitutional investors Quarz Capital Management and Black Crane Capital. The REIT also said they are mulling legal action.

In a notice letter, Sabana REIT acknowledged the receipt of th requisition notice from Quarz Capital Management and Black Crane Capital requesting the Sabana Manager to convene an extraordinary general meeting to consider certain resolutions.

“Sabana Unitholders and investors are advised to refrain from taking any action in respect of their Sabana Units which may be prejudicial to their interests, and to exercise caution when dealing in the Sabana Units,” Sabana REIT said.

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