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Sabana’s Scheme Meeting Set For Dec 4; Managers Emphasise That ‘Bigger Is Better’ (Straits Times)

November 13, 2020 – Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) will be going ahead with its scheme meeting on Dec 4 for unitholders to vote on the proposed merger with ESR-Reit, said chief executive of the manager Donald Han in a media call on Thursday (Nov 12).

This is in response to queries posed about the requisition notice made by fund managers Quarz Capital and Black Crane Capital on Tuesday for Sabana Reit’s board to convene an extraordinary general meeting (EGM), proposing five resolutions for unitholders to vote on.

“We’re taking that letter very seriously and are seeking advice from our advisers. In the meantime, we are continuing the process for the proposed merger as we believe (that) all unitholders, not just one or two, should have the chance to make their own decision on the transaction and vote accordingly,” said Mr Han.

Read more here..

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